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It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes.
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.
Whether you’re wanting to protect the value of an artwork or in the process of estate planning, an insuranceappraisal 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.
Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy.
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.
-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?
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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