ASA Newsroom - Gems & Jewelry

MAY 1, 2024

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.

Appraiser/appraisal 52

Appraiser/appraisal Insurance Policy Insurance Coverage 52

Artifactual History Appraisal

SEPTEMBER 17, 2019

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.

Retail Replacement Value 130

Retail Replacement Value Appraiser/appraisal Appraisal Reports Market Value 130

Fine Art Estates

JANUARY 7, 2022

An object can have different values, depending upon the function of the appraisal. For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. In most cases, a work created by a deceased artist is researched by comparing the work against similar items sold at auction or in private sales.

Appraiser/appraisal 130

Appraiser/appraisal Insurance Market Value Antiques and Decorative Arts 130