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So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. In this guide, we’ll discuss what jewelry appraisers do, types of jewelry valuation clauses, and how jewelry appraisers help ensure you get fair insurance claims.
In this post we explore art appraisals' critical role in the context of insurance. Determining Insurance Coverage Art appraisals play a crucial role in establishing the appropriate insurance coverage for your valuable artworks by determining their accurate and up-to-date market value.
Most Fine Art Insurance professionals will agree that the best way to ensure that an insured loss is settled quickly and fairly is by properly documenting your art collection. Available Cloud-Based Collections Programs: There are many cloud-based programs that will catalogue collection images and data.
Most of my collectibles, antiques, and artwork were destroyed, and the insurance claims process was a nightmare. Take a look at my pointers on how to ensure proper insurance coverage in case of disaster. The post CEO Perspective: Make Sure You Are Properly Insured appeared first on WorthPoint. WorthPoint—Discover.
An elderly man, after a lifetime of collecting, realizes it may be time to downsize a bit. He has more in his collection than he can possibly give to his children, so he has to think of other options. Appraisals can help ensure adequate insurance coverage. But he isn't sure how to start.
While this quote often captures the inexplicable nature of human desire, it also resonates with the motivations behind collecting. Whether its choosing a potential mate or pursuing a coveted object, the pull of desire remains the same when it comes to collecting. This makes it critical to secure proper coverage.
Recently I wrote an article for Worthwhile Magazine™ titled “A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?” In my own appraisal firm, I answer many questions from potential clients who are unsure if they need an insurance appraisal report or what the process is to get one.
Desantis Should You Consider Insurance? Surprisingly, many collectors of “passion assets” don’t think to protect these valuables with insurance. Often the misconception is that only blue-chip collections worth millions of dollars require this kind of specialized protection. What happens when a piece is damaged while being moved?
Whether you’re looking to sell, insure, or simply understand the worth of your collectible, an accurate appraisal is essential. NAJA (National Association of Jewelry Appraisers) : A reputable platform for finding appraisers focused on jewelry and other high-value collectibles.
Make it easy to wear your treasures with the peace of mind that an appraisal and insurance can give you. Brilliantly yours, Aimee The post Tips for organizing your jewelry collection appeared first on A Matter of Brilliance.
For more than 40 years, Hagerty has offered specialty automotive insurance for antique and vintage vehicles, with successful forays into publishing and vehicle auctions.
The six McDonald’s collectible cups available with the restaurant chain’s new Collector’s Meal. During its history, it has also offered many unforgettable collectibles , several of which are celebrated with its new Collector’s Meal. WorthPoint—Discover.
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. Wine Collections Due to its organic nature, wine can deteriorate and turn sour.
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.
Do you appraise single items or only large collections? Whether you’ve got a one or two pieces or a whole collection, it starts with a call or email. For instance, there are several types of appraisals, depending on what your needs are—are you looking for something to use for insurance or for an estate?
Photo courtesy of Architectural Digest Protecting Your Art Collection from Extreme Weather Events Art collections, whether personal or institutional, represent cultural, historical, and financial investments that require careful protection. Pumpkin by Yayoi Kusama moments before being swept into the sea.
It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. Market fluctuations and rarity can have a big impact on antiques and collectibles.
The appraisal report is a crucial document used for various purposes, such as insurance, taxation, sale, or donation, and is often required to be conducted by a certified appraiser to ensure its credibility. Insurance, Damage and Loss Appraisals Insurance appraisals establish the value of artwork for insurance purposes.
Using them through eBay is a “no go,” and collectinginsurance on an antique or collectible is also a “no go” (they advise you to use a homeowners policy for insurance). I have had theft and breakage issues with them, and they do not have a fantastic record of collecting on insurance.
Carcerano, who has been collecting antiques for over 35 years, paid $4.99 He produces content across a wide range of industries, including antiques, insurance, and real estate. 18th-century plate bought for $4.99 for the plateand it could be worth far more. To learn more about Dan, please visit his website. WorthPointDiscover.
Aside from proving ownership, the main reason is often for insurance purposes to secure investment. You want to make sure you’re updated on the current value of your collections. It’s important to inform your insurer whenever you obtain new appraisals. Collect relevant documentation about your valuables.
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.
Value matters, and when it is time to find a qualified art appraiser for your collection or an individual work of art, there are ways to help you find the right fit for your needs and types of art. Art appraisals are a crucial step in determining the value of your art, whether for insurance, donation, resale, or estate planning.
Whether you’re wanting to protect the value of an artwork or in the process of estate planning, an insurance appraisal can help you in both situations. Too often people look into insurance after some sort of damage has occurred, but the best time to have an appraisal is before an incident.
You can prepare an insurance appraisal for a client, friend, or neighbor (note: appraisals for family members or your own collection do not count). You can prepare a restricted-use appraisal report for a client, friend, or neighbor to provide current market values for their collection. dinner or wine). Research time counts.
A client recently called us to update an insurance appraisal for original Andy Warhol prints. A previous appraisal from two years ago was available, however, the insurance company insisted on a new appraisal. You might wonder why insurance companies, such as Pure Insurance ( [link] ) or Huntington T.
At WorthPoint, the world’s largest online resource for researching, valuing, and preserving antiques, art, and collectibles, we have introduced another product for our subscribers. Users can share a link to their collections if they wish, but they have control over who sees their Vault.
Most Recent Post: Documenting Your Art Collection 2. Safe Handling of Artwork: Documenting Your Art Collection How Do I Get My Art Appraised? Fine Art Insurance 101 Practical Tips for Safely Transporting Artwork Temporarily Storing Artwork: A Case Study Four Artwork Storage Solutions 3.
Know Your Insurance PolicyYou may have severely. Continue Reading The post Is Your Art Collection Protected? Sadly, many collectors are unaware of the exposure they have until it’s too late. Here are some tips to keep in mind when considering how to best safeguard your fine art.
Maybe you inherited a collection of bracelets from a relative, or you found a few second-hand watches and don’t have the history of what you’ve bought. How much should you insure them for? Ideally, your appraisal will result in a reliable price estimate for insurance, tax or resale value.
Discussions include evolving practices and current scholarship used when valuing the various fields of collecting. The workshop included presentations by trust attorneys, insurance agents, curators of private collections, and family office managers.
Whether you need an appraisal for insurance purposes, estate planning, tax considerations, or simply to understand the value of your collection, our team is here to assist you. Our Bend office provides a convenient location for local clients to access our comprehensive appraisal services.
Most Recent Post: Documenting Your Art Collection 2. Safe Handling of Artwork: Documenting Your Art Collection How Do I Get My Art Appraised? Fine Art Insurance 101 Practical Tips for Safely Transporting Artwork Temporarily Storing Artwork: A Case Study Four Artwork Storage Solutions 3.
Antiques, collectibles, and vintage items can all make beautiful additions to your home decor or help you complete a collection you have been working on for many years, but it is important to understand what you are looking for when you are searching for old items. What Makes an Antique a Collectible?
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring Fine Art. B: Do you discuss this kind of art collection care with your clients? These types of valuations are not accepted.
Describing Assemblages: Groupings, Collections and Accumulations (by Dave Maloney) While appraisals typically list one item at a time, often the appraiser encounters assemblages and the need to combine items together as groupings, collections, or accumulations of property.
Written by Kirsten Rabe Smolensky, JD, ISA CAPP As an appraiser, I have worked on a lot of insurance claims , including losses due to fire, theft, transit damage, and flood. The number one mistake most insureds make is not being prepared in advance. The insurance company requests an inventory of EVERYTHING inside.
I mean the collecting bug. Just about anything you can think of, people collect. These collections are often the most treasured items owned. A collector will often have invested a great deal of time as well as money in obtaining the pieces that comprise the collection. Really, it could be just about anything.
A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auction house. For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. For instance, Elizabeth Taylor’s jewelry (i.e.,
Despite preventative conservation and environmental controls, museum collections are subject to agents of deterioration and on occasion, require professional treatment or repair. In the absence of in-house conservation staff, collections managers, registrars, and curators are left weighing the pros and cons of engaging with a specialist.
For those who want to view antiques and collectibles, nearly 660,000 items commemorate George Washington in the WorthPoint Price Guide. He produces content across a wide range of industries, including antiques, insurance, and real estate. Dan Kobialka is a self-employed content writer and editor with about a decade of experience.
. “It’s the holy grail of collecting United States stamps,” said Charles Shreve, director of the U.S. He produces content across a wide range of industries, including antiques, insurance, and real estate. Siegel Auction Galleries. To learn more about Dan, please visit his website.
As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
In August 2023, Skic had the opportunity to view Hernstadt’s art collection and said he was “shocked” to see the sketch hanging in her bedroom. He produces content across a wide range of industries, including antiques, insurance, and real estate. Hernstadt allowed Skic to bring the drawing to Philadelphia to study it.
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