Need for Jewelry Appraisal - PowerPoint PPT Presentation

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Need for Jewelry Appraisal

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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 for more details. – PowerPoint PPT presentation

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Title: Need for Jewelry Appraisal


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Need for Jewelry Appraisal
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  • 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.

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  • 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.

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  • 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.

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  • 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.com for more details.
  • Call (509) 966 2828
  • E-mail parryjewelers_at_yahoo.com
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