FAMILY Protecting your
priceless pieces
For many people, their jewellery is irreplaceable with inherited pieces or special gifts meaning the world to them and more.
policies, or worse, invalidating the policy as a whole.
While you can’t put a value on sentiment, when was the last time you thought about what your jewellery is actually worth and what would happen if you were to lose, damage or have them stolen? At Infinity Jewellers, they are finding more and more of their customer are unaware that, due to rising prices of gold and precious gemstones, they are often undervaluing their jewellery, subsequently compromising any insurance policies they have in place. Many people are wise enough to protect any items they can’t afford to lose through their home insurance. However, most don’t realise that the items they are choosing to protect could be excluded from their
When your partner proposed to you ten, 20, or even 50 years ago, the price they would have paid for your engagement ring back then has probably rocketed ten-fold in today’s market due to the ever fluctuating price of gold. If you were to buy the same ring today the price difference would no doubt shock you. You may think the rings on your wedding finger are worth around £1,000 but they may indeed be three or four times that amount. The same goes with luxury watches. You might have bought one decades ago when prices were relatively less than today but, with quality retention, its valuation may mirror those fresh out of the shops. If you are undervaluing your items, you will be underinsured.
This is often overlooked by owners
and can cause considerable financial shock if you did need to make an insurance claim. Most insurers will only pay out a proportion of what you had declared its value, while others could terminate contracts completely with no pay out.
Now accredited by the National
Association of Jewellers, Infinity Jewellers can provide accurate and detailed valuations for a number of reasons.
Whether you want to make sure your precious jewellery is covered for insurance, are looking to sell an item, or a jewellery collection has gone to probate, Infinity Jewellers can value your pieces and provide documentation to prove you owned it at the time of valuation. With the price of gold having risen by 25 percent over the last five years alone, it is important to review your jewellery box contents every two to five years to keep an up-to- date valuation. Special occasions such as birthdays, weddings and engagements can also bring new jewellery so make a note to protect your new pieces early.
Once you have your valuation from Infinity you can then feel at ease that any insurance policies you have are secured. Or are they? We’re all guilty of using price comparison sites to find the cheapest cover, aimlessly ticking boxes and answering questions we don’t fully understand. But buying insurance needs time and research and isn’t always as easy as signing up online. At Infinity, they always advise their customers, particularly those with high value items, to seek
professional advice from someone such as an independent broker who can find the necessary cover depending on value. For many insurers, their single item value is as low as £750. Some don’t cover items if they are lost or stolen outside of the home and many won’t pay out for a set if you lost just one diamond earring.
Brokers can source specialist insurance that includes things such as worldwide cover or specific jewellery cover.
While these may not be as cheap as cover you find online, it may save you both money and hassle in the long term. For peace of mind, why not call Infinity Jewellers to book your valuation appointment today.
helping your jewellery continue to sparkle Jewellery
repairs including stone replacement and rhodium plating
Ring cleaning and polishing
Accurate valuations undertaken by our expert
We also buy gold and precious gemstones
Why not exchange your old items for something new?
242a Barnsley Road, Cudworth, Barnsley S72 8UH Tel: 01226 714447
www.InfinityJewellers.co.uk Open Tues – Fri 9.30am-4.30pm Sat 9.30am-3pm | Appointments available on request | Free Car Park to the rear of the shop
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aroundtownmagazine.co.uk
ENGAGEMENT RINGS WEDDING RINGS JEWELLERY WATCHES
Ring is Reborn™ process @InfinityJewellers Ask about our
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