What is an appraisal?
An appraisal is an estimation of retail replacement cost, usually provided by a jewelry professional.
Do I need an appraisal to apply for insurance?
No, in most cases you do not need an appraisal or detailed receipt to start coverage. In some cases, we’ll reach out for documentation to start your policy.
But you will need an appraisal or detailed receipt if you file a claim. To make things easier for you in the future, it's best to submit this as soon as possible.
If you don't have a recent appraisal on file with us, your item's value will be automatically adjusted over time. We do this to account for fluctuations in market values. See “Will my ring change in value over time?” for more information.