International Society of Appraisers

MARCH 14, 2025

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? In a damage claim, it is important to ask your client if there is a specific definition of fair market value you should use. In damage loss claims these can often be broad.

Appraiser/appraisal 52

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 52

Drishti LLC Appraisers

JUNE 29, 2021

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. In addition to providing a replacement value, an appraisal proves the object exists, documents the current condition, and provides identification with a detailed description.

Appraiser/appraisal 40

Appraiser/appraisal Insurance Damage Claims Identification 40

Look Appraisal

SEPTEMBER 15, 2024

Training covers market trends, historical significance, and condition assessments, which all contribute to determining the current value of an item. Legal and Insurance Requirements In many cases, insurers and courts require an accredited appraisal to validate claims.

Appraiser/appraisal 52

Appraiser/appraisal Valuation Insurance Damage Claims 52

Harrison Appraisals

APRIL 7, 2023

Condition issues, wear and tear, damage and environmental factors can also affect collectability and value. Condition issues, wear and tear, damage and environmental factors can also affect collectability and value. Antiques Do Not Always Appreciate in Value Furthermore, antiques do not always appreciate in value.

Appraiser/appraisal 52

Appraiser/appraisal Insurance Antiques and Decorative Arts Credentialing 52

Fine Art Estates

JUNE 4, 2021

Pro: Current market value can provide assurance in the event that artworks increase in value due to market conditions, for example, driven by popularity of an artist or genre, death of an artist, etc. Depending on the damage, it may not be desirable to file a claim. Valuation is current market value.

Fine Art 130

Fine Art Insurance Coverage Collectibles 130

Artifactual History Appraisal

SEPTEMBER 15, 2017

From personal experience, I can attest as an appraiser that it is much easier to prepare an insurance appraisal of an item in good condition than a damage claim appraisal of an item in poor condition.

Appraiser/appraisal 130

Appraiser/appraisal Appraisal Reports Coverage Insurance 130