Nov 132015
 

insuranceIn this article Auckland Valuer Paul Nilsson questions whether jewellery valuers have kept up with changes to domestic insurance policy wordings as they apply to jewellery.

Most Valuers would agree that when they write an insurance valuation on a piece of jewellery for a consumer their primary objective is to protect the owner.
Here are two scenarios where that objective may not have been met.
Consumer A had an estate diamond brooch professionally valued at $6000 and listed separately on their insurance policy for that amount. A year later they lost it and discovered it would cost $12,000 for the new replacement their policy entitled them to. However the insurance contract meant that the settlement was limited to the specified amount of $6000. Their Valuer had unfortunately only valued the brooch at its second-hand value.
Consumer B inherited their mothers’ engagement ring and had it valued for $2,000 and listed on their policy. When they made a claim 5 years later they discovered their policy only entitled them to a $400 pay out. The Valuer had valued it for replacement with a new one but their policy was for market value (indemnity value) not replacement.
More about these two scenarios later. Continue reading »

Jun 102015
 
Un aveugle guidant un autre aveugle ?

Un aveugle guidant un autre aveugle ?

Il y a de plus en plus d’annonces pour des expertises de bijoux en ligne, dans de nombreux pays et une quantité croissante d’entreprises qui offrent ce service. Ces sites sont trouvés par les consommateurs qui surfent sur le Web à la recherche d’un expert en bijoux. Ces sites représentent-ils une bonne option pour le consommateur? Je ne le pense pas. Même si je peux comprendre qu’une certaine commodité et son faible coût annoncé puissent être attrayants, il est important que le public comprenne les risques qu’il encourt en utilisant un service d’expertise dont, en fait, les réalisateurs auront jamais entre leurs mains les articles concernés.
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May 232015
 
The blind leading the blind?

The blind leading the blind?

There are more and more adverts for on-line jewellery appraising popping up in most countries and an every increasing amount of businesses offering this service. These websites are being found  by consumers who surf the web searching for a Jewellery Appraiser.  Are these places a good option for the consumer? I do not believe that they are.  Whilst I can appreciate that the perceived convenience and low cost can be attractive, it is important that the public understand the risks that they are running in using an appraisal service that has not actually examined the item being appraised.

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