Why do I need a valuation?

 

If your favourite item of jewellery was ever lost, stolen or damaged beyond repair, a valuation would help provide the details you need in order to obtain a replacement. It provides a full description of the item and how it is made up and its insurance value at the time of valuation.

It is also essential that you discuss with your valuer how you would replace the item as this affects the type of valuation produced. For example, a new item from a chain store would be based on the New Replacement Value (NRV) whereas an older or antique item’s value could be based on the Second Hand Replacement Value (SHRV) or Antique Replacement Value (ARV).

Your valuer will also confirm how often your items should be revalued as precious metals and gemstone costs fluctuate greatly and regular valuations ensure your insurance values remain correct.

Read more about valuations here

Read our other posts

Congratulations to our March Star Winners for November

Congratulations to our March Star Winners for November

The March Star Award acknowledges and recognises staff for their hard work and those who go above and beyond to help out their colleagues, Line Managers and clients! They are nominated by staff for staff! Our November Winners are as follows: Nicola Peat Receptionist/Admin Assistant, London Office Nicola joined THM in October 2008 as the […]

Password – Are Your Devices Secure?

Password – Are Your Devices Secure?

Password cracking is one of the most common ways that cyber-criminals gain access to sensitive company information. That’s why ensuring your organisation takes appropriate steps to bolster password protection techniques is crucial in preventing a cyber-attack. Have a look at these top password-cracking methods, according to technology experts: Dictionary attack—This technique allows the hacker to […]

New Data Sharing Agreement Could Affect Your Organisation

New Data Sharing Agreement Could Affect Your Organisation

On 3rd October 2019, the UK and the US officially signed a new data-sharing agreement in an effort to provide law enforcement agencies from both parties with more timely access to digital evidence held by international service providers (eg web hosts or social media platforms). This agreement was motivated by both nations experiencing significant delays […]

Government Data Reveals Biggest Cyber Risks of 2019

Government Data Reveals Biggest Cyber Risks of 2019

The National Cyber Security Centre (NCSC) recently released their 2019 annual review, outlining the top forms of cyber-attack that both UK individuals and organisations experienced this past year. As 2020 approaches, be sure to review the following data points for a better understanding of the biggest cyber-threats facing your organisation and best practices for bolstering […]

How to Fight the Festive Season Blues

How to Fight the Festive Season Blues

While the festive season is often portrayed as ‘the most wonderful time of the year’, it can actually be a particularly difficult time for many Britons. The combination of preparing for various celebrations, allotting a budget to purchase gifts for loved ones and battling the frigid winter temperatures can all contribute to seasonal blues. What’s […]