Things You Should Know About Inheriting Jewelry

It certainly is not all of us who will ever be the recipient of inherited jewelry. Unfortunately it means that someone you may have been close to has passed away and that is the bad part of the equation. The only real upside is the fact that they cared enough for you to leave you some things that they probably treasured. Try to look on the bright side and appreciate this gesture from them. They evidently wanted you to enjoy the jewelry and you should.

If the jewelry you inherited is one piece or several pieces, there are some things you may need to do. If the jewelry that you inherited happens to have came to you with certificates of authenticity, then you may have a better idea about how much the jewelry could be worth in case you were not sure beforehand. If you do get certificates with the pieces it will give you important information about any gem stones the jewelry has and the metal it is made with. Even though the certificate will give you the specifics of a piece it will not necessarily tell you how much the jewelry is worth today.

If the jewelry is thought to be somewhat valuable, then an appraisal might be something you need to have done. During the appraisal, your jewelry will be inspected very closely by the jeweler doing the job. This will let you know of any repairs the jewelry might be in need of.

Even if you are never going to sell the jewelry, getting an appraisal will give you even more detailed information about the items and the current market value. This is a document that insurance companies do not necessarily require if you have a certificate of authenticity, but the appraisal document will help you get the appropriate coverage for your jewelry.

When you have obtained an appraisal for you jewelry, the next thing you should consider is the insurance. If it is jewelry that you will probably keep at home and might not wear often, then you can probably have it added to your home owner's policy. If you think you might wear the piece or pieces quite often, then you might consider an individual policy specifically for your jewelry. Some home owner's policies may not cover if the jewelry is lost or stolen outside the home, if you are traveling for instance.

If you have a jewelry insurance policy for pieces you already own, then the inherited jewelry can be included in your existing policy. Protecting the treasures left to you by a loved one is important because one day you just might want to pass them along yourself.