Hypothetical Condition Identification Scope of Work 
International Society of Appraisers
MARCH 14, 2025
For example, the client may want to know the replacement value of the artwork prior to damage and the salvage value of the artwork in its current condition. Talk to your client to identify the scope of work. Descriptions/Identification (authentic, age, provenance, dimensions, etc.)
ASA Newsroom - Gems & Jewelry
MAY 1, 2024
The approach to problem identification may be the same in the context of an appraisal for charitable gift or estate tax; however, in an insurance context, appraisers are often faced with specific challenges such as evaluating a property that has already been damaged or stolen. In these situations, hypothetical conditions may be necessary.
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