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A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?

Artifactual History Appraisal

Recently I wrote an article for Worthwhile Magazine™ titled “A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?” In my own appraisal firm, I answer many questions from potential clients who are unsure if they need an insurance appraisal report or what the process is to get one.

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The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

In this post we explore art appraisals' critical role in the context of insurance. Understanding Art Appraisals An art appraisal is a professional evaluation of the monetary value, authenticity, and condition of an artwork. Hiring an accredited and knowledgeable appraiser is the most important step in any appraisal.

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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

This is one instance where a profesional appraiser can help. Whether it is dividiing an estate, buying insurance, making non-cash charitable contribiutions or one of many other scenarios, an appraiser can help you and your family to make better decisions. Appraisals can help ensure adequate insurance coverage.

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

Artifactual History Appraisal

Without those other two data points of 1) market level and 2) point in time (which is commonly referred to as the “effective date,” meaning the date the appraised value is effective for), any number that is thrown around as a value is essentially meaningless. The next level down of value is Actual Cash Value.

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What’s the Value of Your New (or New-to-You) Jewelry?

A Matter of Brilliance

For instance, there are several types of appraisals, depending on what your needs are—are you looking for something to use for insurance or for an estate? Types of appraisal services Verbal report (“Silver package”): This can be a starting place if you just want to know what you have (Is it glass or a diamond?

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Tips For Developing a Disaster Preparedness Plan

Artifactual History Appraisal

-For larger items in the home that are too big to take, now is a good time to review your insurance coverage and make sure you are comfortable with your current level of protection. If your house burns down/floods/is destroyed by a tornado, what financial compensation would you receive from your insurance company?

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Office Hours Information from March 2025

International Society of Appraisers

Further, appraisal reports must follow the latest version even if the appraiser has NOT taken the latest course. For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. Remember, we are USPAP Compliant (not certified).