Post # 1
Well after my little incident of loosing my Engagement ring i decided it was high time to get get it appraised. Because really its only been a year and a half since i got married. (oops!) Me and Darling Husband were talking about my sets appraisal value, We now have a bet going on what we think it wil appraise at, whoever looses has to do a full day of diaper duty. #parentlife?
Did you ring appraise for less / more than you were expecting?
We will get it back in one weeks time, I hope i dont loose the bet, i would love a day free and clear of poopy diapers! 🙂
Post # 3
Perhaps i should post a photo of my ring incase anyone cares to take a stab at its value? lol
Post # 4
Appraisals are usually inflated. But insurance will not just cut you a cheque, so I would only insure for real replacemebt value, and save yourself the premiums.
Post # 5
A good appraisal should accurately reflect the current replacement value. You can look online and see what your ring would cost brand-new to get a good estimate.
If your appraisal is a lot higher, you are paying extra in premiums to get it insured. If its a lot less, you won’t be able to purchase a comparable ring with your insurance payout.
Post # 6
@jcent: @LindyLu: My set cost us $3,000 so my guess was the appraisal would be $4,500 & under. My husband guessed $4,500 and over. 🙂
Post # 7
Mine was higher than what we paid. They said they account for inflation.
Post # 8
Mine appraised for more than we paid.
Post # 9
@MrsHoneyC: your quesiton isnt whether it was more than you paid but more than you were EXPECTING it to appriase for, right?? mine was about what i expected. the setting was 2k and the stone (heirloom) is worth about 2k (based on my bluenile stalking) so i guessed the appraisal would be a little higher, and it was — 5k 🙂 hope that helps!
Post # 10
It’s true – appraisals are inflated. Insurance companies do not just hand you the $ it’s appraised for. They replace it with a comparable ring.
Also the insurance company makes more money on the higher appraisal.
Post # 11
@wrkbrk: correct 🙂 I just dont want to loose the bet and have to change all the diapers for a day lol.
I realize Insurance appraisals are higher than the actual cost.
Post # 12
My ring appraised for $2262 but to buy it new would be $3400. Thankfully we only paid $650 used.
Post # 13
@MrsHoneyC: I don’t know how much Darling Husband paid for my ering but I flipped out when he gave me the appraisal papers that I needed to give to the insurance company. I said “is this how much you spent on my ring?! this is way too much! we need to save our money!” he quickly shut me down and said to relax, he spent nowhere near that. So yes, it appraised for over $10K I was shocked. It makes me nervous walking around with a piece of jewlery worth that much
Post # 14
Mine is appraised at $11,000 but Darling Husband paid less than that.
Post # 15
My husband has been taking all of jewelry in to be appraised over the last two months. Nearly all of it has doubled in value.
Post # 16
Mine appraised for slightly more but it wasn’t anything too crazy. About what I expected.