Insurance

[bad company]

My insurance company have just asked for written valuations for my Rolex gold day/date president and Mrs BC's Cartier tank american.

The Rolex is 13 years old and the Cartier about 7.

Anybody here know where we can get valuations quickly and cheaply?

[michael gould]

Any local jewler will oblige for a small fee

[GC8]

Usually an outrageous percentage based fee in my experience, and relatively worthless as virtually all policies are new for old.

My suggestion would be that you look for a better insurer, although that might not be appropriate in your case, it is in many.

[bad company]

Thanks for the help guys. As you say jewellers want to charge a lot of money for a very simple task especially as both watches are still being sold new. I think I have persuaded them to accept serial numbers instead. Happy with that.

[GC8]

A cheaper route, if need be, would be an appraisal from a respected watchmaker who can open the back, take pictures along with pictures of the serial and model numbers between the lugs.

This carries 10x the authority of a jewellers, who may well know less about the watches mentioned than I do. An 'insurance valuation' is very much a trite cliché that is frequently repaeated but seldom really thought about.

Id expect it to cost a few tens of pounds in total - possibly hundreds less than a jeweller who expects to receive 10% of the used value that they pluck out of the air for their (usually) far less than knowledgeable appraisal will try to charge.

[bad company]

GC8 said:

A cheaper route, if need be, would be an appraisal from a respected watchmaker who can open the back, take pictures along with pictures of the serial and model numbers between the lugs.

This carries 10x the authority of a jewellers, who may well know less about the watches mentioned than I do. An 'insurance valuation' is very much a trite cliché that is frequently repaeated but seldom really thought about.

Id expect it to cost a few tens of pounds in total - possibly hundreds less than a jeweller who expects to receive 10% of the used value that they pluck out of the air for their (usually) far less than knowledgeable appraisal will try to charge.

Sounds like a bit of a p take by the jewellers. As I said the watches are still current models so all it takes is a trip to Harrods to check the new prices and 'job done'.

[michael gould]

Like anything else in life the cost is negotiable .......I paid £75 for a valuation on a very valuable ring which I thought was reasonable .......he started out wanting £200

[GC8]

Accepting that Michael, for watches its still little more than proof that something exists, which isn't obviously not genuine.

[michael gould]

I think it's the same for diamonds ...........the OP just needs a valuation for the insurance company not for himself

[GC8]

I think that for gold and diamonds, that a valuation really is required and my only issue is what the valuer tries to charge. With a Rolex watch which has new for old cover and a current list price then the valuation is inappropriate at best.

[michael gould]

Who mentioned old for new cover?.....he just wants a valuation based on present value and any jewellers can do that for him. The price they charge is 100% profit and therefore is very negotiable