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As partners of the Appraisal Foundation, we adhere to Personal Property Appraiser Qualification Criteria. Qualifying appraisal experience consists of tasks associated with the accomplishment of personal property assignments which result in a USPAP compliant report. As appraisers, we are market researchers.
Whether you're insuring valuables, managing an estate, or planning for a sale, having an accredited personal property appraisal provides clarity, security, and peace of mind. Credentialed appraisers are trained and tested by reputable organizations, ensuring that they can provide accurate, defensible valuations.
In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. Insurance Companies Need a Value Insurance companies typically require a qualified appraisal of valuable personal property, including antiques. Choosing a Reputable and Qualified Appraiser But this is important.
Whether you’re wanting to protect the value of an artwork or in the process of estate planning, an insurance appraisal can help you in both situations. Too often people look into insurance after some sort of damage has occurred, but the best time to have an appraisal is before an incident.
The speakers were representatives of various businesses who offer services targeted for this class of clientele and who coordinate getting their appraisal needs met. As an appraiser, I have become very familiar with DFAS and a few of their competitors since my clients often have items professionally stored with them.
One question that always arises during the probate process is whether or not it is necessary to get an appraisal of the decedent’s personal property. Accredited appraisers are educated and skilled professionals who understand the market and the specific inventory reporting formats that may be required by your state.
As the sole heir of your parent’s estate, you may wonder if it’s even necessary to have their assets appraised. While you may assume that being the only beneficiary eliminates the need for an appraisal, there are several important reasons why obtaining a professional appraisal by an accredited appraiser is still essential.
This means that it will cover against “… all risk of physical loss or damage to your property described in the schedule of Personal Articles, unless an exclusion applies.” If a collector is actively acquiring and wants protection in case their artwork values go up prior to getting an updated appraisal – a blanket policy may suit them.
What level of documentation would you need to provide to complete your insurance claim? Would you need to have an appraisal report already on file, or could you obtain one after the fact? If your house burned down, do you have pictures of the items you lost for an appraiser to work from?
Since 1992, Harrison Appraisals, LLC has been providing its clients with formal appraisals of antiques, fine art, general household items, estate objects and other kinds of personal property for purposes of completing probate. first appeared on Harrison Appraisals, LLC | Appraisal Firm | Westminster MD. 5 “Brown Bio”.
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