Remove Insurance Policy Remove Paintings Remove Scope of Work
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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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Office Hours Information from March 2025

International Society of Appraisers

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. Talk to your client to identify the scope of work.