Without proper documentation from a coin dealer, you are unlikely to receive adequate compensation for valuables destroyed or stolen under your homeowner’s insurance policy. If you have your precious metals and other valuables appraised, however, settling your homeowner’s policy claims should be a painless process. To find out more about the benefits of having your valuables appraised by a coin dealer, continue reading:
Determine the Worth
For many, valuables can serve as a form of insurance when finances get extremely tight. When you have your valuables appraised, you can find out how much they are worth. This can give you an idea of how much debt or what type of emergency expenses could be covered by the sale of your valuables.
Assess the Authenticity
An appraisal can lay to rest any concerns you may have about the authenticity of your jewelry, coins, and other valuables. If you want to be sure that your diamond is authentic, a precious metals and stones dealer can help.
Most homeowner insurance policies do not cover possessions such as gold chains or coins unless they have been properly scheduled. Insure the wealth you have in valuables by having a reputable dealer appraise them for you. Additionally, if you have a homeowner’s insurance policy that provides blanket coverage for the valuables in your home, your insurance claims will be much easier to settle if your valuables have been appraised.
Avoid Legal Hassle
Inaccurate appraisals can be costly, in terms of both energy and time. If you overstate the value of your rare coins and precious metals, you may run into legal trouble. This can be avoided by entrusting a reputable dealer to appraise your values for you.
Are you looking to have your gold, silver, and other precious metals accurately appraised by a well-reputed dealer? If so, check out Coins of the Realm in Rockville to have your valuables appraised. For more information, call (301) 340-1640 today.