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Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fine art, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.

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9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets. Accurate Valuation: ISA personal property appraisers are highly educated professionals with expertise in assessing the value of various items.

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. With Fine Art the event is a secondary market auction hammer price. We have all seen the sensational headlines of “a new record auction price” for work of art.

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ASA Newsroom - Gems & Jewelry - Untitled Article

ASA Newsroom - Gems & Jewelry

ASA International Conference is the leading event for the global valuation profession. Ela | ASA, Fine Arts, MBA | President | Comprehensive Art Services, LLC Patrick Ela, ASA is the President of Comprehensive Art Services, LLC, and has 20 years of experience in valuing fine art.

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Fine Art Insurance 101

Fine Art Estates

Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy.

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Insurance: Protecting Your Collection

Art Peritus

For example, one can purchase a policy to cover their fine art collection , or purchase a valuable items policy designed specifically for jewelry , or for wines , antiques , automobiles , luxury goods such as handbags and a litany of other categories. Most standard policies will not provide this degree of specific coverage.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. You do not need a formal written appraisal to sell most fine art. The IRS Requires a formal written appraisal by a Qualified Art Appraiser for any fine art donated with a value over $5000.