Remove Age Remove Insurance Remove Insurance Policy
article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. Note that the definition of replacement cost comparable mentions age. If the Cartier ring mentioned above dated to 1925, then age is a significant value characteristic.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

It takes into account factors such as age, condition, and quality of the item. This type of appraisal is commonly used when insuring personal property, as it provides a realistic estimate of the funds needed to replace the item in case of loss, damage, or theft. . – Determining the value of items for a potential claim.

article thumbnail

How to Prepare Your Parents' Estate

Penrose Appraisals

Location of important papers, including: investment accounts, insurance policies, bank accounts, passwords, etc. I love to do estate appraisals of this kind, as I know how much of a help they can be to the loved ones of those who are aging or have already passed away.

article thumbnail

What Kind of Appraisal?

Drishti LLC Appraisers

Do you need to have a collection appraised for insurance? Likewise, it cannot be used for insurance purposes. SAFEGUARDING YOUR COLLECTION A full appraisal report can be shared with specified entities, such as an insurance company, a lawyer or legal firm, accountant or anyone specified in the contract. Do you want to liquidate?

article thumbnail

How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Reasons to Seek and Antique Appraisal There are various reasons that someone might need or want an appraisal: Insurance coverage.

article thumbnail

Your Big Guide to Albuquerque Jewelry Repair

John Thomas Jewelers

Does insurance cover jewelry repair? Insurance and security. Do they have adequate insurance to cover any damage or loss that may occur? Patina preservation for heirloom pieces that contain this feature to add to its “aged” look. Does insurance cover jewelry repair? How long does jewelry repair usually take?

Jewelry 52