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As partners of the Appraisal Foundation, we adhere to Personal Property Appraiser Qualification Criteria. Qualifying appraisal experience consists of tasks associated with the accomplishment of personal property assignments which result in a USPAP compliant report. As appraisers, we are market researchers.
In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. Insurance Companies Need a Value Insurance companies typically require a qualified appraisal of valuable personal property, including antiques. Choosing a Reputable and Qualified Appraiser But this is important.
The speakers were representatives of various businesses who offer services targeted for this class of clientele and who coordinate getting their appraisal needs met. As an appraiser, I have become very familiar with DFAS and a few of their competitors since my clients often have items professionally stored with them.
A provider evaluates the risk, provides a quote, issues coverage, and, in the event of a covered loss, pays the coverage set forth in the policy. Of the two, the “All-Risk” policy usually provides broader coverage for a homeowner. In the event of any covered loss, a deductible will be applied.
For larger items in the home that are too big to take, now is a good time to review your insurance coverage and make sure you are comfortable with your current level of protection. What level of documentation would you need to provide to complete your insurance claim?
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