APPRAISAL
Why do you need a watch appraisal
Losing or damaging a precious watch/jewellery is always distressing and none of
us likes the loss of a treasured watch/jewellery.
As with all treasured possessions, we would safe keep our watch/jewellery by
insuring them. Unfortunately, this is when confusion arises. Your typical
insurance policy taken out on your prized possessions would not indicate a
value/fixed sum. Rather the insurance company would generally value any insured
item under “replacement market value” and not the sum you would expect should
your watch/jewellery be lost. Furthermore the onus falls upon the owner to prove
to the insurance company that the watch/jewellery was worth such an amount at
time of loss, if unable, the insurance company would, based on the advice of the
claims adjuster, see to payout only what it deems fit for your lost/stolen
watch/jewellery.
Bonfield’s appraisal is able to provide you with a piece of mind when asked to
provide appraisal documentation by your insurance company. Without it, one would
be left with little or no room to argue the value of one’s prized possession.
Insurance claims involving items covered by Bonfield’s appraisal are
straightforward and likely to result in a quicker and much more satisfactory
outcome for you. Many major global insurers recognise Bonfield’s appraisal.
Valuation
This appraisal
includes digital photographs and detailed assessment of the appraised item as
mentioned in above paragraphs, along with its replacement value, which we
promise you an unbiased opinion.
This service will determine the provenance, service history, and gemology and
include a specific detailed analysis of the crown, dial, case, its complications
and band of your appraised timepiece.
The Valuation Procedure
-
An experienced expert carefully assesses the watch under a 10x microscope, using
their knowledge to scrutinise any distinctive characteristics and to determine
its authenticity.
- Our trained watchmaker opens the watchcase to authenticate the caliber/movement numbers.
- All serial numbers are recorded and checked.
-
The watch will be case back in line with the manufacturers’ recommended
procedures.
-
Digital photographs are taken and included in your valuation document with a
full and accurate description. Any distinguishing features will be also
recorded.
-
Valuation Report