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

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.

Retail Replacement Value 130

Retail Replacement Value Appraiser/appraisal Appraisal Reports Market Value 130

Fine Art Estates

JANUARY 7, 2022

For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. A past appraisal is interesting and provides some preliminary identification information. They are often using the information for identification and to save time in researching an artist they are unfamiliar with.

Appraiser/appraisal 130

Appraiser/appraisal Insurance Market Value Antiques and Decorative Arts 130