FREE Online Jewelry Appraisal Software

When you finalize an appraisal using the BriteCo Appraisal Management System, your customer will instantly receive a text or an email directly from BriteCo with a custom, no obligation, insurance quote. If your customer has any insurance related questions, or questions about their BriteCo insurance quote or application, they should contact BriteCo directly via chat or by email at [email protected]

Absolutely. BriteCo does not use a preferred network of jewelers for jewelry claims replacements. Instead, we work with you directly as the jeweler who originally sold the item and/or provided the customer with their BriteCo appraisal. And because we have no preferred networks, you’ll be able to use your own preferred suppliers, dealers, and other vendors you trust when replacing a piece of BriteCo - insured jewelry.

Every insurance claim is unique. If you originally sold, or appraised an item for our mutual customer, we’ll use your store to service the claim. A Claims Representative assigned to your customer will contact you once the qualified repair or replacement of their item is approved. In addition our jewelers are paid directly for all replacement claims, meaning you’ll never have to wait for your customer to sign over an insurance check. The result? A faster, fairer claims process for you and your customer. In addition our jewelers are paid directly for all replacement claims, meaning you’ll never have to wait for your customer to sign over an insurance check. The result? A faster, fairer claims process for you and your customer.

A separate insurance policy for valuable jewelry and watch purchases. That’s because most insurance companies put a dollar limit on the amount of coverage included in a typical homeowners or renters policy. A homeowners or renters insurance policy usually only covers $1,000 to $2,000 total for all of your customer’s jewelry combined. And in most cases, these policies have a deductible that reduces the replacement value they’ll receive when making a claim. So, if the total value of your customer’s jewelry is more than the jewelry limit in their standard homeowners or renters policy, they’ll need additional coverage. If you consider that the average price of an engagement ring, for example, exceeds $7,500, then special jewelry or watch insurance is a must.

Not if it’s a higher value piece. That’s because homeowners or renters insurance policies have a reimbursement or replacement limit of only $1,000 to $2,000. If the value of your customer’s jewelry piece or watch is greater than that amount, then their existing insurance policy would not cover the full replacement cost in the event of a loss. Your customer would have to pay the difference in value out of their own pocket. Example: Say your customer purchased a $10,000 engagement ring that was only covered by a standard homeowner’s policy, which has a $2,000 coverage limit. If that ring was lost or stolen, they would have to pay $8,000 out of pocket to replace it.

Yes! Nearly every jewelry insurance policy requires an appraisal to determine the proper amount of coverage needed for a like kind and quality replacement should a loss occur. Insurance companies use the appraisal to set the policy’s coverage limit in a specific dollar amount, determine how much to pay out in the event of a claim, and calculate how much to charge for that coverage. A credit card or other purchase receipt, no matter how detailed, does not have enough information about a jewelry item or watch to properly appraise its value. Furthermore, customers will not be able to make a claim for theft or other loss without the detailed documentation contained in an appraisal.

Jewelry insurance from BriteCo™ is surprisingly affordable, given the peace of mind and financial protection it provides for your customers’ most valuable possessions. Policy costs depend on where you live, but for most people, jewelry insurance will cost between 1% and 2% of the appraised value of their jewelry. For example, a $5,000 engagement ring could cost from $50 to $100 a year to insure. That’s only 15-30 cents a day, or less than $8 per month.