Second Hand Retail Replacement Valuation

By Rubina Posh January 08,2017

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The Second Hand Retail Replacement for Insurance Purposes Valuation, is used by insurance companies in order to offer the best cover to the customer.

The valuations consist of a description of the item, manufacturing process, what the metal is and the total weight of it, what the gemstones are and their total weight as well as any other information that will affect the final value of the item, such as, the condition, desirability and collectability of the piece in question.

What is different about these type of valuations, is the final figure, which is 50% less than that of the Traditional Retail Replacement for Insurance Purposes valuation.

The value provided on the valuation is indicative of how much it will cost to have this piece replaced on the current second hand retail market.



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