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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.
Whether you’re looking to sell, insure, or simply understand the worth of your collectible, an accurate appraisal is essential. furniture, artwork, jewelry). This documentation is essential for insurance purposes, estate planning, or resale value. If you have an antique, it is crucial to know its value.
Finding the right appraiser is crucial when it comes to getting your furniture appraised. Let’s discuss the key considerations you should keep in mind when selecting an appraiser for your furniture and the steps you can take to ensure you find the right one. Start by looking for appraisers who specialize in furniture.
It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. This appraisal is used to issue an insurance rider on your homeowner’s policy.
Art appraisals are a crucial step in determining the value of your art, whether for insurance, donation, resale, or estate planning. Some insurance companies will require the appraiser to conduct an on-site personal inspection of the art to be accepted by the insurance company. Some may even offer appraisal services themselves.
There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets. Whether you're dealing with art, antiques, furniture, jewelry, or other possessions, an appraiser can give you a valuation.
An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered.
Seippel was insured, but the process for claiming the loss, providing records of the contents and assets in the home, and dealing with adjusters, claims reps, and contractors was arduous. Seippel explained, “Nobody knows what’s in your house better than you—not the bank, the insurance company, or anyone else.
As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
The time of year when calls to our Art Crisis Management team are on the rise from clients and insurance adjusters reporting water-related damage to artwork, furniture, and other valued possessions. Some insurance providers offer discounts on policies for the installation of water-detection devices from their recommended vendors.
The time of year when calls to our Art Crisis Management team are on the rise from clients and insurance adjusters reporting water-related damage to artwork, furniture, and other valued possessions. Some insurance providers offer discounts on policies for the installation of water-detection devices from their recommended vendors.
Whether you're insuring valuables, managing an estate, or planning for a sale, having an accredited personal property appraisal provides clarity, security, and peace of mind. Legal and Insurance Requirements In many cases, insurers and courts require an accredited appraisal to validate claims. Schedule a consultation today.
Written by Kirsten Rabe Smolensky, JD, ISA CAPP As an appraiser, I have worked on a lot of insurance claims , including losses due to fire, theft, transit damage, and flood. The number one mistake most insureds make is not being prepared in advance. The insurance company requests an inventory of EVERYTHING inside.
Policies vary from insurance company to insurance company, but generally, there are limitations to homeowners' or renters' insurance that are important to keep in mind if you happen to own items of exceptional value. You may find that additional insurance is necessary to adequately cover you in the case of loss.
Furniture There are historical pieces of furniture that have been made for specific spaces, as with many of the royal palaces and residences in Europe and. Likewise, antique furniture such as dining sets, chests of drawers, buffet tables among others, must be carefully examined and valued. Contact Us!
These could include anything from furniture and jewelry to collectibles and antiques. The goal is to assign a fair market value to these items, often for purposes such as insurance, estate planning, or even divorce settlements. This could be your car, furniture, jewelry, artwork, or even your collection of stamps.
Finally, traditional furniture and accessories are topping design trends—and it's never been a better time to try your hand at dealing antique and vintage pieces. There is so much more to the industry than just furniture—think about textiles, lighting, porcelain, and other decorative arts—just soak up as much knowledge as you can.
The term “vintage furniture” simply means that the pieces were made at some point within the last century. Many types of older items, including artwork, furniture, and pottery, have defining marks or signatures, but you have to know where to look to find them. The word “vintage” by itself is meaningless.
FURNITURE: A. For furniture, ask the client to shoot when house is lit up (mid-day) but do not shoot pieces in direct bright light 6. For very large pieces, make sure you get “scale:” put a person in the frame (this can be especially important with insurance shots) 9. Get 3 shots of any signature from varying angles 10.
Also in February, I appraised a collection of guitars for purposes of buying insurance. It's important to realize that your homeowners' insurance does not automatically cover items of unusual value such as antiques and collectibles. These appraisals are key to making sure you and your insurer are on the same page.
In early 2022 Art Peritus launched AP Selects, an online sales venture in which clients can consign art and furniture for sale through the business website, as well as on 3rd party independent online platforms including Incollect.com. We are also well known for the damage and loss appraisal work we perform for insurance claims.
They range from furniture to jewelry and other decorative pieces. For example, a piece of furniture that is several hundred years old is likely to be more valuable than one that is only a few decades old. This report is typically used for insurance purposes. Generally, the older an item is, the more valuable it is likely to be.
It is also important to watch for valuable items like stock certificates, deeds, titles, trusts, and life insurance policy documents. Appraising your jewelry, artwork, furniture, and other antiques can help you determine their monetary value, which can be essential for estate planning.
Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy.
Although an interesting design idea, and maybe the only place the owner of this house had to hang this suite of works, it presents a very dangerous hanging problem that needed to be addressed by a professional fine art services company, not the furniture mover.
Even though they are generally more expensive than furniture moving companies, they carry the proper packing and securing materials on their trucks. They are skilled at blanket wrapping almost any piece of furniture, but you don’t want your fragile unglazed Jackson Pollock to be blanket wrapped and then tied up to the side of a truck.
One of the top lots of furniture in the last live sale from Wheatland (an exquisite George III Ebony and Chinese reverse painted breakfront bookcase circa 1760 ) sold for more than double the low estimate at $750,000. We once performed an insurance appraisal of a broken vase.
While the workers do their thing, you have determined that the furniture can be moved to the center of the room and be protected via drop cloth, but where and how should you temporarily store your art for the next two weeks while the paint dries? So, you have decided to paint the living room.
You might have a lot of different items, from furniture to jewelry, and each one has its own story and value. Dealing with Money Stuff: Appraisals can also help with boring but important things like taxes and insurance. This isn’t just about finding a price tag; it's about understanding the history and uniqueness of each piece.
Every collector or vintage enthusiast dreams of that one big score—the piece of roadside furniture that turns out to be worth thousands or that long-closeted box containing a rare book in pristine condition. And as for her painting, which Asian art expert Lark E.
This includes real estate and personal property, such as furniture, antiques, artwork, and general residential contents. Depending on the state, the inventory must be submitted within a specific timeframe, which can range from 30 to 90 days after the estate is opened.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Residential Contents appraisers routinely handle all the furniture, rugs and decorative items that are normally encountered in a home. There are many reasons you might need an appraisal of personal property.
Serving as the Vice President and Head of Furniture and Decorative Arts at Morans, Maranda employs a holistic strategy that encompasses valuation, logistics, and marketing to secure the best possible results for her clients.
Collectors and vintage fans understand that knowing as much as possible about an item is essential, whether for insurance purposes, reselling efforts, or deciding to buy or not to buy a piece. We have a database of selling prices for close to 800 million items, from artwork to furniture to jewelry and more.
Traditional antique furniture has declined in popularity, and yet, this doesnt mean they should be neglected. Weve seen this in countless areasfrom mid-century furniture to vintage vinyl records. Insurance & Documentation: Proper insurance coverage can protect against theft, loss, or damage.
Activities like moving furniture or weightlifting can apply excessive pressure on the ring, leading to distorted settings or even stones falling out. Travel insurance for valuable items like engagement rings adds an extra layer of security, ensuring coverage against unforeseen events.
Likewise, if an object is stolen, lost or destroyed, an accurate value is needed to support a theft report, claim for compensation against the wrongdoer or an insurance claim. She is the current chair of ISA’s Antiques, Furniture, and Decorative Arts Committee (AFDA) and serves on the Conference Committee.
for antiques and 25% for furniture; as of 14 May, the US and China have agreed to reduce tariff rates on each other for 90 days, including a 20% tariff tied to fentanyl). We have clients who have imported some high-end design furniture, purchased before those tariffs came into place, which has cost them $200,000 in import duties.”
WorthPoints Vault enables subscribers to catalog and digitally preserve their collections for wealth management, insurance purposes, and protection from natural disasters, as well as to preserve memories. The top items include a variety of categories, such as vehicles, campers, furniture, and jewelry. on January 10, 2025.
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