Remove Blog Remove Insurance Policy Remove Valuation
article thumbnail

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. With Fine Art the event is a secondary market auction hammer price.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitable donations, gifts to family members or making the decision to sell the work. These types of valuations are not accepted. B: Speaking of Art Insurance, any general advice for collectors?

article thumbnail

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.” Valuation is current market value.

Fine Art 130