PT Miles Jewellers: We Value

We Value

Jewellery is usually valued for the purpose of insurance although we also carry out other valuations (see below).

Insurance companies expect to see a professional valuation of high standards and here at P. T. Miles you can expect a proper certificate with full descriptions which include photography. The director has been a valuer since 1970, always working to high standards. A professional valuation ensures that, should you be unfortunate enough to make a claim with your insurers, your valuation will save you time making a claim easier and quicker to obtain a settlement.

If you are unsure of the value of your jewellery and you lose it, making a claim can be very difficult. Even with the help of a jewellers estimate of replacement, you often lose out when a loss adjuster gets involved. If no valuation had been carried out previously to any loss, even the jeweller has to rely on your own description which may not be acceptable to insurers or an accurate reflection of its true value. With a professional valuation this should not happen, resulting in a quick settlement of your claim. We recommend that jewellery with a value in excess of £300 should be properly valued for peace of mind.

Fee basis for insurance:

Item charge - first item £25.00, each other item £5.00 plus a percentage charge of 1% of the total value.

Example: one item valued at £1,000 - fee £35.00. Three items with a total value of £2,000 - fee £55.00.

General advice

It is worth checking with your insurers of the single item value of goods which require a professional valuation. Some insurers do not require valuations if the goods are under £1,000 and some even have a higher single article price point. However, you must be able to prove any loss which you suffer while your goods are covered by insurance. Despite the above it is best to ask yourself if you have enough documentation for a claim. The other point to remember is have you sufficient total value cover of all your jewellery? If your jewellery value is more than the value which you have covered, your claim may not be met at all, or only in part as a percentage of the total loss.

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Home We Buy We Sell We Repair We Value Ethics Customer Care Knowing Diamonds Loyalty Scheme Information Opening Hours Site Map Directions Contact Us Links	We Value Jewellery is usually valued for the purpose of insurance although we also carry out other valuations (see below). Insurance companies expect to see a professional valuation of high standards and here at P. T. Miles you can expect a proper certificate with full descriptions which include photography. The director has been a valuer since 1970, always working to high standards. A professional valuation ensures that, should you be unfortunate enough to make a claim with your insurers, your valuation will save you time making a claim easier and quicker to obtain a settlement. If you are unsure of the value of your jewellery and you lose it, making a claim can be very difficult. Even with the help of a jewellers estimate of replacement, you often lose out when a loss adjuster gets involved. If no valuation had been carried out previously to any loss, even the jeweller has to rely on your own description which may not be acceptable to insurers or an accurate reflection of its true value. With a professional valuation this should not happen, resulting in a quick settlement of your claim. We recommend that jewellery with a value in excess of £300 should be properly valued for peace of mind. Fee basis for insurance: Item charge - first item £25.00, each other item £5.00 plus a percentage charge of 1% of the total value. Example: one item valued at £1,000 - fee £35.00. Three items with a total value of £2,000 - fee £55.00. General advice It is worth checking with your insurers of the single item value of goods which require a professional valuation. Some insurers do not require valuations if the goods are under £1,000 and some even have a higher single article price point. However, you must be able to prove any loss which you suffer while your goods are covered by insurance. Despite the above it is best to ask yourself if you have enough documentation for a claim. The other point to remember is have you sufficient total value cover of all your jewellery? If your jewellery value is more than the value which you have covered, your claim may not be met at all, or only in part as a percentage of the total loss.
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Information

We Value

Fee basis for insurance:

General advice

Company registered in England and Wales. Company Number: 6291493. Director Mr. Paul Trevor Miles. Secretary Mrs. Sandra Jeanette Miles Regd. Office 113 High Street, Newcastle-under-Lyme, Staffs. ST5 1PS.

Company registered in England and Wales. Company Number: 6291493.
Director Mr. Paul Trevor Miles.
Secretary Mrs. Sandra Jeanette Miles
Regd. Office 113 High Street, Newcastle-under-Lyme, Staffs. ST5 1PS.