Understanding Your Appraisal: Fair Market vs. Insurance Value vs. Suggested Asking Price
What Is It Worth?
MARCH 7, 2024
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.
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