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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.

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ASA Newsroom - Gems & Jewelry - Untitled Article

ASA Newsroom - Gems & Jewelry

Understanding the nuances of property insurance coverage and the claims function is essential for appraisers to effectively carry out their duties. Insurance industry terminology such as risk, premium, loss, deductibles, coverage limits, and perils are some of the fundamental concepts appraisers must grasp.

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A Question of Value: Reasons to Appraise Your Jewelry

Gemology Resources

The appraisal also provides an estimated replacement value for your jewelry, which is the value insurance companies use when providing you with coverage. To get an accurate value for estate planning or tax purposes Fair Market Value is used for estate purpose appraisals. What exactly is Fair Market Value?

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A Question of Value: Reasons to Appraise Your Jewelry

Gemology Resources

The appraisal also provides an estimated replacement value for your jewelry, which is the value insurance companies use when providing you with coverage. To get an accurate value for estate planning or tax purposes Fair Market Value is used for estate purpose appraisals. What exactly is Fair Market Value?

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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.

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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.