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Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fine art, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. Coverage is relatively affordable.

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Insurance Appraisals: Safeguarding Your Art Assets

JSK Fine Art Appraisals

In this blog post, we explore the crucial role of insurance appraisals in safeguarding your art collection, providing insights into why this process is indispensable for every art enthusiast and collector. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.

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Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

These types of valuations are not accepted. B: When considering insurance, what is the difference between Blanket and Scheduled insurance coverage for collectibles? K: Scheduled coverage separately describes individual collectibles to be insured at a specific value. They don’t have the correct credentials. K: Yes indeed.

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Digital vs. In-Person Jewelry Appraisals

John Thomas Jewelers

In this blog, we explore both digital and in-person jewelry appraisals , offering the pros and cons for each to help you choose. Valuation report. You must schedule an appointment, travel to the location, and then wait for the appraiser to complete their examination and valuation. What is a digital appraisal?

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Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. A current appraisal will help ensure that your insurance coverage is appropriate, and that you’re not paying high premiums for something that has actually depreciated in value over time.