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Understanding Your Appraisal: Fair Market vs. Insurance Value vs. Suggested Asking Price

What Is It Worth?

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. If you answer no, you’ll get the FMV and an insurance value. Changed your mind? No problem.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

Auction Houses Buying diamonds at auction houses can be an exciting way to acquire rare and unique pieces. Auction houses like Christie’s and Sotheby’s have a reputation for offering high-quality diamond pieces, but prices can be steep due to the exclusivity of the items being sold.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.

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What Kind of Appraisal?

Drishti LLC Appraisers

Do you need to have a collection appraised for insurance? For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. Likewise, it cannot be used for insurance purposes. For insurance purposes, the appraisal report is written for replacement value.