Charitable Donations Insurance Sales Comparison Approach 
International Society of Appraisers
MARCH 14, 2025
For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. Publication 561 includes four ways to determine FMV: cost of the donated property; selling price of the donated property; sales of comparable properties; replacement value.
Drishti LLC Appraisers
APRIL 16, 2021
Do you need to have a collection appraised for insurance? For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer. Likewise, it cannot be used for insurance purposes. For insurance purposes, the appraisal report is written for replacement value.
Expert insights. Personalized for you.
52 
Let's personalize your content