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Need for Jewelry Appraisal

Parry Jewelers is a jewelry store in Yakima that offers a unique collection of jewelry that satisfies every customer. Read the write up to know the need for jewelry appraisal. Visit http://www.parryjewelers.com/ for more details.

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Need for Jewelry Appraisal

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  1. Need for Jewelry Appraisal

  2. Generally, an appraisal is a description and valuation of a property. Appraisals are done for many reasons ranging from a need to determine fair market value for estate planning to more commonly, replacement value for insurance purposes.

  3. INSURANCE APPRAISAL An insurance appraisal establishes the cost to replace an item in case of loss, theft or damage. An accurate and detailed description of the item is the most important aspect of this type of appraisal because in most cases the insurance company insures the item and not its value.

  4. ESTATE APPRAISAL An estate appraisal is used in the administration of the estate of a deceased individual to establish a basis of the inheritance tax liability and for equal distribution of personal property among the estate heirs.

  5. LIQUIDATION APPRAISAL A liquidation appraisal is normally used when someone is required to convert their assets into cash. The time constraints imposed for liquidation will affect the resulting value and therefore will need to be disclosed as well as any other restrictions.

  6. An appraiser can attest to the quality, design, condition, and valuation of your jewelry. Regular appraisals can help you prove an insurance claim.

  7. Visit www.parryjewelers.comfor more details. Call: (509) 966 2828 E-mail:parryjewelers@yahoo.com

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