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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

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.

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ASA Newsroom - Gems & Jewelry - Untitled Article

ASA Newsroom - Gems & Jewelry

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.

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How Do I Get My Art Appraised?

Fine Art Estates

For instance: Replacement Cost Value is used when a collector needs an appraisal for insurance coverage. The cover letter should explain whether the market has gone up or down for the artist(s) being appraised since the object was first obtained as well as explaining the scope of work utilized within the assignment.