Artifactual History Appraisal
SEPTEMBER 17, 2019
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.
Art Appraisal Resources
JULY 13, 2023
You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy. An appraisal helps establish the artwork's current market value and ensures that you have the necessary documentation in case of loss, theft, or damage.
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McAllister Fossum Appraisal Services
SEPTEMBER 19, 2019
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.
International Society of Appraisers
MARCH 14, 2025
The type of value before and after the loss will be dictated by the client and is based on how the insurance policy is written or the particular situation at hand. Since the client is a publishing firm, their insurance policy is likely different from general homeowners. Remember to talk to your client and ask questions!
Fine Art Estates
JUNE 4, 2021
I naively “assumed” that the word “All Risk” meant just that, and all my personal property was covered up to the amount stated on my policy’s declarations page. I now realize that HO insurance is designed to insure your home, not protect your art collection. I was wrong. Louis, Missouri.
What Is It Worth?
MARCH 7, 2024
Do you want to include your item on your homeowner’s insurance policy, or do you want to donate it and/or write it off your taxes? Then you’ll need an insurance or replacement valuation. Do you want to sell it? You’ll need a fair market valuation and a suggested asking price.
Art Peritus
SEPTEMBER 3, 2024
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. After all, storing insured items in a secure vault in a stable environment provides far lower risks than storing them in one’s beach house on a hurricane-prone coastline.
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