Charitable Donations Coverage Document 
Penrose Appraisals
JANUARY 2, 2025
Start Tax Season Right Appraisals are crucial for valuing charitable donations. Non-cash charitable donations can play a big role in reducing your taxes when you itemize. In any case, be sure you keep proper documentation (including a copy of the appraisal report) in order to avoid audits or, worse, penalties.
Anubis Appraisal and Estate Services
FEBRUARY 4, 2024
Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. This is the most basic part of the process which includes assessing and documenting the item(s).
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Art Appraisal Resources
JULY 13, 2023
Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage.
Invaluable
MAY 7, 2024
This usually ends with a printed document that describes the piece and assigns a price or range of prices that represent the expert’s best value estimate. Retail Replacement Value for Insurance Coverage People will often get a Retail Replacement Value appraisal for insurance prices. Sold for $2,500 via Doyle New York (February 2020).
International Society of Appraisers
MARCH 14, 2025
This quote is in the context of IRS Publication 561, which provides guidance for determining fair market value for charitable donations; therefore, this quote must be understood within that specific context and intended use. Chapter 11 in the Core Course Manual discusses insurance coverage and claims.
Art Peritus
FEBRUARY 17, 2023
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. Every insurance company has a different threshold for the value documentation they would like to see.
Fine Art Estates
JANUARY 7, 2022
For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. Fair Market Value is used when a collector is settling an estate, needing equitable distribution, or making a charitable donation. These documents can be scanned and inserted into the appraisal report.
Expert insights. Personalized for you.
98 
Let's personalize your content