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All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation. The next level is Fair Market Value.
Replacement cost comparable is generally used for antiques, collectibles, fineart, period jewelry, among other types of property. Chapter 11 in the Core Course Manual discusses insurance coverage and claims. Descriptions/Identification (authentic, age, provenance, dimensions, etc.)
If your insurance provider has asked you to get your artwork professionally appraised, or you need it evaluated for some other reason, How Do I Get My Art Appraised will help you find a qualified appraiser, fully understand all aspects of the appraisal process, and prepare you for what a professional fineart appraisal is likely to cost.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. This sort of appraiser would need certification from GIA or one of the other jewelry organizations to qualify since identification of various precious stones is a requirement.
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