Got The Ring.. What Now? Appraisal Or Insurance?

#1 scabbed_knee

Silver

Member
13 posts

Posted 21 August 2007 - 07:30 AM

The ring is being shipped to me this week. Now I need to get it insured. My homeowners insurance is through USAA. I went to their website and got a quote for a premium of $68.

The ring cost me $8400. Should I get it appraised first, then get it insured? Where can I go to get it appraised in Charlotte NC?

#2 scabbed_knee

Silver

Member
13 posts

Posted 22 August 2007 - 01:45 PM

^^^^ anyone? Bueller?

#3 denverappraiser

Ideal Diamond

A-List Appraiser
5,148 posts

Gender:Male
Location:Denver Colorado, USA

Posted 22 August 2007 - 02:00 PM

Sorry Scabbed, I don't know anyone in Charlotte. I was hoping someone else would answer. Yes, you should get it appraised, in fact I suspect USAA will require it.

You can find appraisers at:
www.appraisers.org
www.ags.org
www.najaappraisers.com
www.isa-appraiser.org

Neil

Neil Beaty
GG(GIA) ICGA(AGS) NAJA

There's never a crowd when you go that extra mile.
Professional Appraisals in Denver

#4 DiamondMaven

Ruby

A-List Jeweler
113 posts

Gender:Male
Location:Diamond District, New York City
Interests:Religion, Family, Diamonds, Music

Posted 22 August 2007 - 02:07 PM

I would say the appraisal before the insurance, since the insurance should reflect the appraised value if it appraises for more than what you paid. In this way you will receive adequate insurance.

To do it the other way around, puts the proverbial "cart before the horse".

My two cents.

Best of luck with everything!

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Judah Gutwein
Director of Sales & Marketing
www.ExcelDiamonds.com
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