Watch Valuation
Discussion
Hi all
I bought a watch for my girlfriend in NYC a couple of years ago. I want to add it to the home insurance but have lost the receipt. I’ve visited about 8 jewellers and none of them offer a valuation service in store. Either they want to send it away for a fortnight, else they want to know how much I paid for it, or they say to come in on a valuation day that they hold every few months.
It seems strange that none of them seem to have the knowledge to do a valuation. Is this normal with jewellers or have I just been unlucky?!
So if anyone knows a jeweller who could actually do a valuation in person in the Bristol/Somerset areas, please let me know!
Thanks
I bought a watch for my girlfriend in NYC a couple of years ago. I want to add it to the home insurance but have lost the receipt. I’ve visited about 8 jewellers and none of them offer a valuation service in store. Either they want to send it away for a fortnight, else they want to know how much I paid for it, or they say to come in on a valuation day that they hold every few months.
It seems strange that none of them seem to have the knowledge to do a valuation. Is this normal with jewellers or have I just been unlucky?!
So if anyone knows a jeweller who could actually do a valuation in person in the Bristol/Somerset areas, please let me know!
Thanks
elise2000 said:
worsy said:
Was it greater or less than £1000. If less just insure it under a standard away from home valuables policy.
Less. Sadly I can’t (it’s not a standard home insurance policy as it’s combined with business stuff)https://clarityvaluations.co.uk/
Have you tried this guy? His names Gareth, I’ve not used him but he’s on whiteladies rd.
Have you tried this guy? His names Gareth, I’ve not used him but he’s on whiteladies rd.
worsy said:
Well at the risk of causing offence, it's not really a valuable.
I was avoiding typing that but felt the same. I can only assume there’s some sentimental value to the watch that can’t be insured. You could self insure by sticking 100 quid in a pot each year and then digging into the fund if/when it’s required.
h0b0 said:
I was avoiding typing that but felt the same. I can only assume there’s some sentimental value to the watch that can’t be insured.
You could self insure by sticking 100 quid in a pot each year and then digging into the fund if/when it’s required.
Not massive sentimental value really. Could life without it. But as the insurance is cheap I’d rather insure it than not. You could self insure by sticking 100 quid in a pot each year and then digging into the fund if/when it’s required.
Self insurance fine at £100 per year if watch was lost say 5 years down the line. Not so good if lost in a fortnite.
bristolbaron said:
https://clarityvaluations.co.uk/
Have you tried this guy? His names Gareth, I’ve not used him but he’s on whiteladies rd.
I’ll have a look. Thanks Have you tried this guy? His names Gareth, I’ve not used him but he’s on whiteladies rd.
To be honest, despite all my comments above, insuring it isn’t a desperate matter. Im just puzzled that jewellers don’t seem to be able to value anything in store. Whereas with say antiques/musical instruments/cars, most shops who sell these things are able to offer in house valuations.
Hi, just a word of warning (from my very limited experience): jewellery valuations usually cost a percentage of the appraised value, which is rather stupid as it inevitably leads to inflated valuations.
Most home contents insurances include coverage of personal belongings outside the home (includes mobile phone, purse, wallet etc.) so check your policy as the watch may already be covered, and most policies don't require separately identifying items below a certain value (usually £500-1000 if I recall).
Lastly, a valuation is only ever required if the item is unusual/rare. I made a claim on a more expensive watch and a valuation was never asked for.
All the best
Most home contents insurances include coverage of personal belongings outside the home (includes mobile phone, purse, wallet etc.) so check your policy as the watch may already be covered, and most policies don't require separately identifying items below a certain value (usually £500-1000 if I recall).
Lastly, a valuation is only ever required if the item is unusual/rare. I made a claim on a more expensive watch and a valuation was never asked for.
All the best
Halitosis said:
Hi, just a word of warning (from my very limited experience): jewellery valuations usually cost a percentage of the appraised value, which is rather stupid as it inevitably leads to inflated valuations.
Most home contents insurances include coverage of personal belongings outside the home (includes mobile phone, purse, wallet etc.) so check your policy as the watch may already be covered, and most policies don't require separately identifying items below a certain value (usually £500-1000 if I recall).
Lastly, a valuation is only ever required if the item is unusual/rare. I made a claim on a more expensive watch and a valuation was never asked for.
All the best
Thanks. The insurance policy is a mixed business/personal one that doesn’t include any items outside the house sadly. And I can’t find the receipt annoyingly. If I can’t easily/cheaply get a valuation I won’t bother. Most home contents insurances include coverage of personal belongings outside the home (includes mobile phone, purse, wallet etc.) so check your policy as the watch may already be covered, and most policies don't require separately identifying items below a certain value (usually £500-1000 if I recall).
Lastly, a valuation is only ever required if the item is unusual/rare. I made a claim on a more expensive watch and a valuation was never asked for.
All the best
Slagathore said:
Mallorys in Bath value in store.
Or at least they used to, so could be worth a call as well.
Can't remember how much it cost, though.
Mallory just valued my GMT Master, the cost is £75 I think. They value in store but the guy who does it is only there one day per week, so you may have to leave it with them. Or at least they used to, so could be worth a call as well.
Can't remember how much it cost, though.
I’m surprised you need to specify the item at that value though. Most insurers single article limit is at least £2000
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