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

Artifactual History Appraisal

I’ve included a short excerpt below and the entire article can be read online here ( [link] ) “Many people are familiar with the concept of insurance coverage in the context of car insurance or travel insurance, but knowledge about insurance coverage of personal property such as fine art or antiques is much less widespread.

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Passion Assets: A True Love of Collecting

Art Peritus

However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies. This makes it critical to secure proper coverage.

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The Essential Guide to Jewelry Appraisal and Insurance

Buckhead Jewelry Appraisers

Jewelry appraisal for insurance is the most essential requirement for getting jewelry insurance. Standard homeowners' or renters' insurance may provide some coverage for your personal belongings, including jewelry. However, your insurance may have lower coverage limits and exclusions for certain types of losses.

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How Often Should I Update My Jewelry Appraisals and Why

Buckhead Jewelry Appraisers

Collect relevant documentation about your valuables. Documentation Ownership As I mentioned, the appraisal certificate serves as evidence of ownership. To receive compensation from an insurance company in the event of the loss or theft of your jewelry, you must provide legal documentation proving ownership of the items.

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Why Get a Diamond Appraisal for Your Engagement Ring

GIA 4Cs

A diamond appraisal is needed to get an insurance policy for an engagement ring. Should the engagement ring be lost or stolen, insurance coverage ensures you would receive fair compensation for it. The insurance policy for your home probably includes some jewelry insurance, generally up to a specified amount.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. 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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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

While it might be possible to scour the auction market for years searching for an offering similar to the lost item and then obtain that item at a much lower price, this is not the function of insurance coverage. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.