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Why You Need an Appraisal

Penrose Appraisals

Policies vary from insurance company to insurance company, but generally, there are limitations to homeowners' or renters' insurance that are important to keep in mind if you happen to own items of exceptional value. Charitable donation. Let's run through a few of the most common situations.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy. Artwork Donation: Donating artwork to museums, galleries, or charitable organizations often requires an appraisal for tax purposes.

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What Kind of Appraisal?

Drishti LLC Appraisers

An insurance appraisal is also used for estate planning purposes, as well as insurance policies and claims. CHARITABLE DONATIONS Fair Market Value is also used for non-cash contributions. Similar to Fair Market Value, Market Value uses a sales comparison approach of recent, actualized sales to determine the value.

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How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

If you prefer in-person assessments, and are located in the greater Northwest Pennsylvania area (Cleveland to Erie to Buffalo and down to Pittsburgh), Penrose Appraisals can also provide tailored appraisal services, especially for significant occasions like insurance, charitable donations, or equitable distribution.

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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. It’s also important to use a professional appraiser, like the staff at Art Peritus.