For those of you who constantly argue with me about…
Asking customers for values on their envelopes:
You argue that it’s a free appraisals, you don’t want the back and
forth with the customer, yada, yada, yada.
I just spoke to a small-medium size jeweler in California who wanted
to get verbage on his job envelopes.
They NEVER asked values and thus underinsured customer’s jewelry by
SEVETY-FIVE THOUSAND DOLLARS.
professional job. The burglars came through the roof at night, undid
all alarms, and used a sledge hammer on siren and bells. They used
that “plasma” torch and cut right through a TL15 safe.
3 months ago they NEVER asked customer values.
No they ask EVERYONE. Amazing how you can do it.
You need to put values so you can add them up 2-3 times a year so
you can talk intelligently to your insurance agent.
You can figure an AVERAGE of $1000 of value per envelope as a start.
350 jobs = $350,000. easy!
We’d keep 450 jobs in the store and insured customers jewelry for
My bill with Jewelers Mutual was $11,000 per year.
I liked being insured.