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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?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry. It’s also a good time to take inventory while you do your spring cleaning.

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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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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. Regular insurance appraisals guarantee that your coverage accurately reflects the current market value of your artworks.

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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. While rates vary by insurer, on average you’ll spend 50 cents per $100 of coverage.

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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. This type of appraisal is commonly used when insuring personal property, as it provides a realistic estimate of the funds needed to replace the item in case of loss, damage, or theft.

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Fine Art Insurance 101

Fine Art Estates

Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

Protect Your Investment After purchasing a diamond, it’s important to consider insuring it. Accidents and theft can happen at any time, and it’s better to be prepared than to regret not having insurance. Look for a company with good customer reviews, a solid financial rating, and a policy that covers loss, theft, and damage.

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