Remove Coverage Remove Document Remove Estate Tax
article thumbnail

How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums.

article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

While it might be possible to scour the auction market for years searching for an offering similar to the lost item and then obtain that item at a much lower price, this is not the function of insurance coverage. The next level is Fair Market Value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Question of Value: Reasons to Appraise Your Jewelry

Gemology Resources

A qualified appraiser will examine your jewelry, determine its current value, and provide documentation of the results. This documentation is essential for insurance purposes, as it will help insurance companies determine the amount they need to provide you in the event of a loss, theft, or damage. What exactly is Fair Market Value?

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

Today, with over 180 members, the ADAA has expanded its appraisal services from donation to also include estate tax, gift tax, and insurance. For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. These documents can be scanned and inserted into the appraisal report.