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Passion Assets: A True Love of Collecting

Art Peritus

However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.

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

International Society of Appraisers

One question you should ask yourself is “am I properly insured if something catastrophic happens?” As we outlined in an earlier blog, hiring an ISA personal property appraiser can play a crucial role in assessing the value of your unique possessions.

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Fine Art Insurance 101

Fine Art Estates

The following is a synopsis of my interview with Connie: The most common types of HO policies and how they generally relate to a fine art collector. Types of HO Policies: The two types of insurance policies available to a homeowner are “Named Peril” and “All-Risk.” Browse fine artworks available to purchase on FAE.

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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. Here are some scenarios where each method is commonly used: – Replacement Value Appraisal is useful when: – Obtaining insurance coverage for personal belongings.

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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. Art holds immense value, both sentimental and financial, and protecting your art assets is paramount.

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

A standard homeowners insurance policy doesn’t completely protect the investment of a wine collection. While rates vary by insurer, on average you’ll spend 50 cents per $100 of coverage. Wine Collections Due to its organic nature, wine can deteriorate and turn sour. Coverage is relatively affordable.