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Why Art Collectors Need the Right Insurance

Veritas Art Appraisals

Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?” And when we say a little, we mean extraordinarily little.

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Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

In this blog post, we will explore the distinctions between these two appraisal methods, helping you understand when and why each one is used. – It is typically used for insurance purposes to ensure adequate coverage. While both methods aim to determine the worth of personal belongings, they differ in their approach and purpose.

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Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

Katja consults with collectors as well as insurance and financial advisors on the physical and financial protection of their passion investments. B: When considering insurance, what is the difference between Blanket and Scheduled insurance coverage for collectibles? And a “qualified appraiser” is key.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. Appraisers may also assist with consulting and estate liquidation.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

It’s advisable to consult with a gemologist to verify that the diamond you intend to buy matches the one in the certificate. Choose an insurance company: Not all insurance companies offer coverage for jewelry, so be sure to research and choose a reputable insurer that specializes in jewelry coverage.

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Fine Art Insurance 101

Fine Art Estates

Early on in our conversation, Adrienne answered the “When” question by saying “If you can walk around your house and you determine that you have more than 5 artworks that exceed $10,000 each in value, you should consult an agent or firm that specializes in fine art insurance.” In the event of any covered loss, a deductible will be applied.

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How Do I Get My Art Appraised?

Fine Art Estates

For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. Consultations were completed with several dealers and scholars who specialize in the works of [artist]. Names of who I consulted with are listed in the bibliography. appeared first on FAE Design Blog.