JISO 79

Jewelry Insurance Appraisal

Forms Instruction Guide details:

This form is identical to JISO 79, Jewelry Insurance Appraisal, in all respects except:

JISO 79 allows for up to two jewelry items per page, and up to two stone groupings.
JISO 78 contains a single jewelry item, and the jewelry descriptive content is expanded to eight stone groupings. This form may be used alone or in combination with JISO 79 by jewelers to provide appraisal information about jewelry. If submitted at the time insurance is applied for, this form should be used with Personal Lines Applications, such as a Homeowners or Personal Inland Marine/Jewelry Application.

Date
Month/day/year the appraisal was prepared.

Blank Area (next to and above NAME AND ADDRESS)
This area is reserved for the optional imprinting of a logo, name and address and other information of the jeweler/appraiser providing the appraisal.

Name and Address
Name and mailing address of the person whose item(s) are appraised here within.

Item of ___ of ___
Item number of the total items appraised within this appraisal as of the stated date.

Class Code #
Class codes allow for systematically tracking major jewelry groups. The coding facilitates determining actual loss experience, thereby creating a mechanism for more effective exposure rating for different jewelry groups (gold items, diamond jewelry, etc.). See Code description that follows below.

Code Description
This short class designation aids in locating specific jewelry items on large schedules.

Code numbers and descriptions are from Jewelry Inventory and Sales Classification Manual — widely used in the jewelry industry.
This classification system is also included in Jewelry Insurance: The Underwriting and Claims Reference Manual.

Est Replacement Value
Appraised values (based on retail selling price - see form for additional information) are isolated and stand out for quick evaluation.

Mounting
All key information necessary for valuation of items made with precious metal (gold, silver, platinum) is contained in the described fields. This enables underwriting to determine insurance to value and assists adjusters in calculating replacement/actual cash value.

Stone(s)
This is similar in scope to the above mounting format, except that it provides necessary stone specifics for determination of value. Multiple stone entries are allowed so like kind stones can be grouped together.

Optional Description
This area is reserved for other information the appraiser feels is necessary to fully describe the item.

Color Photograph Attached
Provides a visual representation of the item and indicates that a color photo exists.

Item Sales Receipt Attached
Identifies sales receipt information which should include the seller's name, address, receipt # and date (indicated after check box).

The back of this form includes information relating to credentials, definitions of a jewelry appraisal, the purpose of a jewelry appraisal, minimum descriptive information that should be included on all appraised items, gem lab and testing information, appraisers' warranties, and information on the "four c's" of diamonds.