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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.
Most Fine Art Insurance professionals will agree that the best way to ensure that an insured loss is settled quickly and fairly is by properly documenting your art collection. If you carry a blanket policy and have a covered loss, it is likely that your insurance agent will have no information about the work in question beforehand.
Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. In this article, we will explore the key indicators that suggest you may need an art appraisal.
These articles are unique and have a significant meaning for us. When you get an appraisal, the appraiser will provide you with a legal document that can be used for various purposes such as taxes, insurance, estate planning, and wills. We can also help with estate planning, tax purposes, and insurance coverage.
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.
We have an exciting group of content planned for the coming year to expand on the articles already published in 2018. The workshop included presentations by trust attorneys, insurance agents, curators of private collections, and family office managers.
For an excellent summary of what makes a valuable ruby, check out this GIA article. Make sure they’re protected against damage and theft with insurance. And to insure them with confidence, first get an updated appraisal. In ancient India, it was called “ ratnaraj ,” the “king of precious stones.” Dreaming of a ruby?
My latest article for Worthwhile Magazine™ tackles a tricky area of appraising: understanding the different levels of value. This is one of the most confusing elements of appraising that I spend a lot of time discussing with clients, so I wanted to cover the subject in an article that could reach and help a much broader audience.
Whether you are looking to sell your jewelry, ascertain the worth of a family heirloom, or seek insurance coverage, the expertise of a qualified jewelry appraiser near me is indispensable. This article will walk you through finding a qualified jewelry appraiser to empower you to make informed decisions about your valuable items.
How much should you insure them for? This article outlines the details you need to know about getting your jewelry appraised, as well as a few things to look out for. Ideally, your appraisal will result in a reliable price estimate for insurance, tax or resale value. Can you get a good price if you sell them?
Conversely, a gentleman who had zero interest in jewelry was given a bracelet by his family; it was an article that Sotheby’s could easily auction for tens of thousands of dollars. The piece will never be sold or insured so the owner merely needs a confirmation about its identity-not a long and expensive piece of paper. Neither did.
Do you want to include your item on your homeowner’s insurance policy, or do you want to donate it and/or write it off your taxes? Then you’ll need an insurance or replacement valuation. Insurance Valu e An item’s insurance value is an estimate of the entire cost to replace it if it were to be damaged, lost or stolen.
June actually has several birthstones; we’ve discussed pearls and alexandrite in previous articles. Don’t forget to insure your moonstone jewels, along with all of your precious pieces, including heirloom jewelry, clocks/watches, silver, and gold. This month I want to spotlight the luminous moonstone gem, both affordable and beautiful.
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring Fine Art. It’s one of the most important documents a collector can have, along with purchase invoices, and an insurance policy of course.
At some point, the collector needs to turn his or her attention to insuring what has been patiently and joyously gathered over the years. Most of us already choose to insure our homes if we own, or to buy renter's insurance if we rent. Even after you have purchased insurance, your needs aren't over.
A Replacement Value Appraisal for the purpose of insurance is one type of appraisal where the precise details of the description are very important in order for the article to be properly replaced in the case of a loss.
Lerner’s “The Taxation of Art – Dealer Investor or Collector” Summary: In this article, Ralph E. Excerpt: Maintaining a collection in good condition is expensive; the expenses may include framing, reframing, lighting, air conditioning and humidity controls, cleaning and other maintenance, security devices, publications, and insurance.
Written by Kirsten Rabe Smolensky, JD, ISA CAPP As an appraiser, I have worked on a lot of insurance claims , including losses due to fire, theft, transit damage, and flood. The number one mistake most insureds make is not being prepared in advance. The insurance company requests an inventory of EVERYTHING inside.
In this article, we will discuss the various options for purchasing diamonds and provide insights on the pros and cons of each, so you can make an informed decision on where to buy your diamond. Protect Your Investment After purchasing a diamond, it’s important to consider insuring it. Where To Buy Diamond Jewelry?
In this article, we will help you understand the significance of seeking professional verbal consultation to determine the value of your cherished jewelry. If you are not in the market to sell your jewelry, you still need a jewelry appraisal for insurance purposes or estate planning.
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?
This article seeks to provide some simple steps you can follow to connect with reputable local appraisers. 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.
Additionally, check out our Blog article on D-Day collectibles and memorabilia. He produces content across a wide range of industries, including antiques, insurance, and real estate. You can see hundreds of World War II pigeon parachutes in the WorthPoint Price Guide. To learn more about Dan, please visit his website.
How jewelry is valued While the majority of the appraisals we do are for insurance purposes (Retail Replacement Value), a Fair Market Valuation (FMV) is more appropriate when it comes to determining what you might expect to sell your jewelry for. Two basic methods for determining jewelry value are the cost method and the comparison method.
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.
The goal is to assign a fair market value to these items, often for purposes such as insurance, estate planning, or even divorce settlements. Whether you're dividing assets, insuring valuables, or simply curious about the value of your belongings, a personal property estate appraisal provides the answers.
Lerner’s “Valuing Works of Art for Tax Purposes” Summary: In this article, Ralph E. Lerner discusses how to correctly and accurately value works of art in order to properly assess the necessary taxes to be paid, or deducted. It seems that hardly a year goes by without some new and arcane legislation to confuse collectors.
In this article, we will explore the appraisal of antiques, including their importance, methods, and factors that affect their value. Appraisals are essential for a variety of reasons, including insurance purposes, estate planning, and selling antiques. Contact antiques appraisal Los Angeles for detailed information.
Both WorthPoint Indices and the WorthPoint Vault solve longtime challenges for financial service industries—ranging from wealth management to trust administration, insurance, and appraisers—by elevating the security and worth of the collectors’ valuables, which are considered a facet of their total wealth.
Written by Elizabeth Stewart, PhD, AAA and John Flandrick This article was originally published in Worthwhile Magazine™ and has been republished here with the permission of the authors. For very large pieces, make sure you get “scale:” put a person in the frame (this can be especially important with insurance shots) 9.
Usually in America, they are often pre-Hispanic articles (Mexica, Maya, Inca, Mapuche) and in the following order, colonial and viceregal art, turn of the century and contemporary. This is also pivotal to present insurance claims if the situation arises.
In this article, we will comprehensively compare antique evaluation, appraisal, and liquidation, helping you understand what they mean and how they apply to your situation. The appraiser then presents a legal document stating the antique’s exact value, which is used for insurance, taxes, wills, and estate planning purposes.
Get well in the future, and could the times to come getting filled up with health insurance and delight. As previously mentioned early in this informative article, 幸運 (kōun) can be used to need to somebody best wishes by the saying 幸運を祈ります (Kōun o inorimasu).
I have posted a related article on how and where to temporarily store two dimensional artworks in your home while a home renovation project is underway. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents. Follow us on Facebook , Instagram , or Twitter to stay updated about FAE and new blog posts.
The Value of Renown Last year, Art Peritus had the honor of appraising over 1,200 works in the Getty collection for IRS charitable contribution purposes (we are grateful to the family office for allowing us to break confidentiality regarding our involvement for this article). We once performed an insurance appraisal of a broken vase.
One of the hallmarks of AXA ART’s operation is the pride it takes in meeting with and building relationships with art and insurance professionals. Link to article on AXA website. The company views these activities as central to delivering top level solutions for its clients.
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If your insurance provider has asked you to get your artwork professionally appraised, or you need it evaluated for some other reason, How Do I Get My Art Appraised will help you find a qualified appraiser, fully understand all aspects of the appraisal process, and prepare you for what a professional fine art appraisal is likely to cost.
He has written 12 books and over 50 articles. As an instructor for Florida Atlantic University (FAU) and the state of Florida teaching Insurance Adjuster Courses, I have promoted Personal Property Appraising as a profession. I am a research and pricing advisor, as well as writing articles, for industry publications.
He has written 12 books and over 50 articles. Linn has also organized exhibitions, and written articles for such publications as Antiques and Fine Arts Magazine and Architectural Digest. He has over 30 years of experience in valuation, ethics, diversity, equity, and inclusion.
Jacobs Levy Logo shanice_buchan Thu, 12/05/2024 - 06:28 Article logo Link To see more published content from Jacobs Levy Equity Management click here Attached articles Factor Modeling: The Benefits of Disentangling Cross-Sectionally for Explaining Stock Returns Ten Investment Insights that Matter Earnings Estimates, Predictor Specification, and Measurement (..)
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