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A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?

Artifactual History Appraisal

I’m going to get to all these terms and define them later, but the very first thing I always recommend in my conversations with potential clients is for them to pull out their current insurance policy and check the coverage.

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

Artifactual History Appraisal

Examples of retail replacement value are the price an art gallery asks for a painting in their inventory, the asking price of a table by a furniture designer, or the manufacturer listed price of a sterling silver serving item. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.

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Maximizing Your Estate Liquidation: Essential Tips for the Best Results

Sarasota Antique Buyers

It is also important to watch for valuable items like stock certificates, deeds, titles, trusts, and life insurance policy documents. Appraising your jewelry, artwork, furniture, and other antiques can help you determine their monetary value, which can be essential for estate planning.

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Protecting Your Collection and Your Wallet: What You Could Lose If You Suffer a Loss Without an Appraisal

McAllister Fossum Appraisal Services

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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Why You Need an Appraisal

Penrose Appraisals

Policies vary from insurance company to insurance company, but generally, there are limitations to homeowners' or renters' insurance that are important to keep in mind if you happen to own items of exceptional value. Let's run through a few of the most common situations.

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Fine Art Insurance 101

Fine Art Estates

So, I thought that if I had a policy with a personal property limit of $500,000, and a $25,000 painting was stolen from my home, it would be completely covered, less the deductible of course. I now realize that HO insurance is designed to insure your home, not protect your art collection. I was wrong.

Fine Art 130