How often should I get my jewelry reappraised for insurance?

Many insurers and appraisers suggest updating appraisals every few years, often somewhere in the range of three to five, though some recommend sooner for high-value pieces or when markets move quickly. Gold, platinum, and diamond prices can change significantly, which affects replacement value.

Check your policy first. Some insurers have their own requirements for how recent an appraisal must be, and some apply automatic inflation adjustments. Your agent can tell you what applies to you.

If an appraisal is too old, you could be underinsured and receive less than it costs to replace the piece. If values have dropped, you may be paying for more coverage than you need. When you get a new appraisal, use a qualified, independent appraiser who documents the piece in detail with photos and measurements, and give a copy to your insurer. Keep your own copy stored safely away from the jewelry itself.