International Society of Appraisers

MARCH 14, 2025

Talk to your client to identify the scope of work. Chapter 11 in the Core Course Manual discusses insurance coverage and claims. You should also review applicable rules, including the Ethics Rule, Competency Rule, and the Scope of Work Rule. In damage loss claims these can often be broad.

Appraiser/appraisal 52

Appraiser/appraisal Market Value Appraisal Reports Hypothetical Condition 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

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 40

Appraiser/appraisal Insurance Policy Insurance Coverage 40

Fine Art Estates

JANUARY 7, 2022

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.

Appraiser/appraisal 130

Appraiser/appraisal Insurance Antiques and Decorative Arts Market Value 130