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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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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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What Kind of Appraisal?

Drishti LLC Appraisers

The quick answer is that the kind of appraisal you need depends on your intention. Do you need to have a collection appraised for insurance? CURIOSITY If you are simply curious about the value of an artwork or collection, a restricted appraisal will help you. Likewise, it cannot be used for insurance purposes.

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How Often Should I Update My Jewelry Appraisals and Why

Buckhead Jewelry Appraisers

There are a few reasons why getting your jewelry appraised is important. Aside from proving ownership, the main reason is often for insurance purposes to secure investment. It’s important to inform your insurer whenever you obtain new appraisals. Ask questions during the appraisal. But things could happen.

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Decoding Jewelry Appraisals: A Comprehensive Guide

John Thomas Jewelers

Jewelry appraisals protect your valuable pieces in the event of damage, loss, or theft. Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. Knowing you need estimated values and understanding the appraiser’s report once it’s available are two different things.

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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.