Remove Insurance Policy Remove Market Value Remove Quality
article thumbnail

The Role of Jewelry Appraisers in Insurance Valuation

Buckhead Jewelry Appraisers

So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. Insurance valuation refers to the process of determining the monetary value of an asset, property, or item for insurance coverage.

article thumbnail

Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

When it comes to assessing the value of personal property, two commonly used methods are the Replacement Value Appraisal and the Fair Market Value Appraisal. It takes into account factors such as age, condition, and quality of the item. – It considers depreciation, quality, and condition of the item.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Passion Assets: A True Love of Collecting

Art Peritus

For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans. However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies.

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

article thumbnail

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

Artifactual History Appraisal

Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.

article thumbnail

The Essential Guide to Jewelry Appraisal and Insurance

Buckhead Jewelry Appraisers

Why Appraisals are Necessary for Jewelry Insurance Jewelry appraisal is the process of assessing the value of your jewelry by a qualified and certified appraiser, often for insurance purposes. The appraised value of your jewelry is an estimate of its replacement cost.

article thumbnail

Insurance: Protecting Your Collection

Art Peritus

Establishing the Value Collectors who are just getting started often rely on their homeowner’s insurance policy to cover the value of their valuable items. However, this could be problematic to establish for more esoteric objects or those that rarely come to market. is the big question collectors need to ask.