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Passion Assets: A True Love of Collecting

Art Peritus

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.

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The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

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. During such conflicts, the appraisal clause will serve as a provision in insurance policies that facilitates an independent appraisal process.

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The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

Some insurance policies even require these updates every few years. Knowing that your valuable artwork is insured at its true market value provides peace of mind. You can enjoy your collection without the worry of financial loss in case of unforeseen circumstances.

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A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?

Artifactual History Appraisal

I’m going to get to all these terms and define them later, but the very first thing I always recommend in my conversations with potential clients is for them to pull out their current insurance policy and check the coverage.

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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?”

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Insurance: Protecting Your Collection

Art Peritus

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. This is especially true when one considers how remarkably specialized these policies can be.

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How Often Should I Update My Jewelry Appraisals and Why

Buckhead Jewelry Appraisers

You want to make sure you’re updated on the current value of your collections. Collect relevant documentation about your valuables. Organize your jewelry collection. When that time comes, outdated appraisals may result in inadequate insurance coverage, which will leave you financially vulnerable.