March-April 2013 / NSIDE Business
By: Joseph R. Villarreal, G.G. (GIA)
Have you ever wondered why the jewelry appraisal value may sometimes be higher than the amount on your sales receipt? The answer may surprise you. A sales receipt will list generic items such as the date, the item, the price you paid for it and of course, the name of the establishment where you purchased the item. However, a sales receipt is not really detailed enough for an insurance company to properly insure the item.