[Jewelry making - Article 00830] - Re: [Orchid] Appraiser liability

[Jim Turner]

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Hi!

    As with many laws, I am sure that there are differences state to
    state,, nut it is my wunderstanding, as a Gemologist, that both the
    company and the signer of the document can be held liable. Make sure
    that the company's atternies go over the appraisal documents to make
    sure that they remove as much liability as possible. While this won't
    stop lawsuits, it can offer some protection in the eyes of a judge.
    Unfortunatly, gemology is an imperfect science, and things do slip
    by. Tell your gemologist to talk to the company's lawyer about your
    state's perticular laws, and perhaps suggest a personal liability
    umbrella from his insurer. 

Hope that helps...
Jim Turner GG, GJ



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