Remove Insurance Policy Remove Paintings Remove Retail Replacement Value
article thumbnail

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

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor.

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. That Picasso painting looks lovely over your fireplace, doesn’t it? While this provides some protection, “Is this enough?”