Veritas Art Appraisals

JUNE 13, 2022

Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?”

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Insurance Insurance Policy Appraiser/appraisal Coverage 52

ASA Newsroom - Gems & Jewelry

JANUARY 7, 2024

An expert’s view on why your health insurance policy should be appraised by a professional. Editor’s Note: The beginning of a new year is the perfect time to have your health insurance policy reviewed by a professional. ASA: What new trends are you seeing in health insurance policies for sole practitioners?

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Insurance Policy Appraiser/appraisal Insurance Coverage 52

Buckhead Jewelry Appraisers

APRIL 5, 2024

Insurance Coverage Your jewelry is an asset that should be protected. When that time comes, outdated appraisals may result in inadequate insurance coverage, which will leave you financially vulnerable. Updating your appraisals helps ensure that your insurance policy reflects the true value of your jewelry.

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Appraiser/appraisal Jewelry Insurance Valuation 130

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. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.

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Retail Replacement Value Appraiser/appraisal Market Value Appraisal Reports 130

Penrose Appraisals

DECEMBER 27, 2022

However, certain collectibles and antiques are not eligible for replacement cost coverage. A standard insurance policy written to provide replacement value for losses would perhaps go into the market to find out what the dress costs to buy new. And some policies simply exclude art and collectibles outright.

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Art Appraisal Resources

JULY 13, 2023

Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy.

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Appraiser/appraisal Insurance Estate Tax Market Value 130

ASA Newsroom - Gems & Jewelry

MAY 1, 2024

Tweet By Thomas Dawson, ASA Spotlighting five key areas appraisers need to know to be covered in ASA ’ s upcoming PP163 Property Insurance Fundamentals webinar. In the property insurance industry, appraisers play a vital role, particularly when it comes to claims.

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Appraiser/appraisal Insurance Policy Insurance Coverage 40

McAllister Fossum Appraisal Services

SEPTEMBER 19, 2019

Understand Your Homeowner’s Insurance Policy The biggest problem I see after a devastating loss is underinsurance, meaning that homeowners suffer a loss yet fail to recover tens of thousands of dollars just at the time when they have lost everything they hold dear. Keep a copy of the insurance policy handy too.

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Appraiser/appraisal Coverage Insurance Fine Art 52

ValuePros Appraisal Services

MARCH 23, 2018

Valuable individual items must be scheduled (premiums paid) because they can well exceed the limited amount of coverage for that category of item under a blanket or umbrella homeowner’s policy. A standard homeowners insurance policy doesn’t completely protect the investment of a wine collection.

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Insurance Valuation Appraiser/appraisal Fine Art 52

International Society of Appraisers

MARCH 14, 2025

The type of value before and after the loss will be dictated by the client and is based on how the insurance policy is written or the particular situation at hand. Since the client is a publishing firm, their insurance policy is likely different from general homeowners. Remember to talk to your client and ask questions!

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Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 52

JSK Fine Art Appraisals

OCTOBER 15, 2023

In the unfortunate event of theft, damage, or loss, a comprehensive appraisal ensures that you can adequately recover the financial value of your assets through insurance coverage. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.

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Appraiser/appraisal Insurance Coverage Valuation 40

ValuePros Appraisal Services

AUGUST 23, 2023

– It is typically used for insurance purposes to ensure adequate coverage. Here are some scenarios where each method is commonly used: – Replacement Value Appraisal is useful when: – Obtaining insurance coverage for personal belongings. – Determining the value of items for a potential claim.

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Appraiser/appraisal Market Value Insurance Insurance Policy 52

Drishti LLC Appraisers

JULY 27, 2023

For example, if you bought an original artwork 5 years ago for $10,000, and that artwork is now worth $100,000, you need an updated insurance appraisal to ensure adequate coverage amount for an insurance policy.

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Appraiser/appraisal Insurance Insurance Policy Coverage 40

Art Peritus

SEPTEMBER 3, 2024

Some policies specifically cover transportation risks and will not only compensate for the loss in value, but often the substantial cost of restoring the piece is also covered. Since Homeowners and Renters policies typically have dollar limits, specialized policies for coverage of art, antiques, or luxury goods (like that new Birkin bag!)

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Insurance Collectibles Appraiser/appraisal Coverage 52

La Jolla Gem Appraisal

JUNE 24, 2023

Choose an insurance company: Not all insurance companies offer coverage for jewelry, so be sure to research and choose a reputable insurer that specializes in jewelry coverage. Look for a company with good customer reviews, a solid financial rating, and a policy that covers loss, theft, and damage.

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Art Peritus

FEBRUARY 17, 2023

Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitable donations, gifts to family members or making the decision to sell the work. B: When considering insurance, what is the difference between Blanket and Scheduled insurance coverage for collectibles?

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Appraiser/appraisal Insurance Coverage Fine Art 52

Penrose Appraisals

JUNE 25, 2024

Reasons to Seek and Antique Appraisal There are various reasons that someone might need or want an appraisal: Insurance coverage. Standard homeowner's insurance policies may or may not provide adequate coverage for antiques, collectibles, and other valuable possessions. Insurance and bonding.

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Appraiser/appraisal Equitable Distribution Insurance Coverage 52

John Thomas Jewelers

MAY 19, 2023

Does insurance cover jewelry repair? Insurance coverage for jewelry repairs depends on the specific terms and conditions of your insurance policy. If you have an extensive fine fashion, custom, or antique jewelry collection, coverage for loss or damage is a must.

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John Thomas Jewelers

AUGUST 17, 2023

Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. Jewelry appraisals are required for most insurance policies. Jewelry appraisals protect your valuable pieces in the event of damage, loss, or theft. The evaluation is conducted by a certified and qualified appraiser.

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Appraiser/appraisal Jewelry Appraisal Reports Gemology 52

WCG

JANUARY 30, 2025

Caseys presentation broke down insurance essentials alongside various types of insurance T Block offers. The Fine Art Insurance policy offers coverage starting at $75,000, with careful consideration given to the potential maximum value of artwork.

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