article thumbnail

Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

This is one instance where a profesional appraiser can help. Whether it is dividiing an estate, buying insurance, making non-cash charitable contribiutions or one of many other scenarios, an appraiser can help you and your family to make better decisions. Appraisals can help ensure adequate insurance coverage.

article thumbnail

11 Different Ways to Achieve 700 USPAP-Compliant Appraisal Hours

International Society of Appraisers

You may count the hours you spend preparing and writing your Core Course appraisal report. You may also count the hours spent preparing and writing your Accredited Member Course appraisal report —whether for Fine Art, AF+DA, or the Specialty and Advanced Studies Pathway. dinner or wine).

Insiders

Sign Up for our Newsletter

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

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

Further, appraisal reports must follow the latest version even if the appraiser has NOT taken the latest course. For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. Remember, we are USPAP Compliant (not certified).

article thumbnail

What Does a Jewelry Appraiser Actually Do?

La Jolla Gem Appraisal

Considering the Purpose of the Appraisal Different situations require different types of value. A piece appraised for insurance replacement has a very different value than one being appraised for resale or estate division. This means the report meets the highest ethical and reporting standards in the industry.

article thumbnail

A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?

Artifactual History Appraisal

Recently I wrote an article for Worthwhile Magazine™ titled “A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?” In my own appraisal firm, I answer many questions from potential clients who are unsure if they need an insurance appraisal report or what the process is to get one.

article thumbnail

The Art of Appraisals: Understanding their Vital Role in Insurance

Art Appraisal Resources

In this post we explore art appraisals' critical role in the context of insurance. Understanding Art Appraisals An art appraisal is a professional evaluation of the monetary value, authenticity, and condition of an artwork. Hiring an accredited and knowledgeable appraiser is the most important step in any appraisal.

article thumbnail

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

Artifactual History Appraisal

Without those other two data points of 1) market level and 2) point in time (which is commonly referred to as the “effective date,” meaning the date the appraised value is effective for), any number that is thrown around as a value is essentially meaningless. The next level down of value is Actual Cash Value.