nsurance
Knowing the total value of
your personal property is
essential to acquiring
and maintaining proper
INSURANCE COVERAGE.”
Many insurance companies in today’s market require all high-value residential contents such as: fine art, antiques and valuable collectibles
to be scheduled separately with a professional appraisal.
It is important to obtain insurance coverage for your appreciable assets. That’s because a regular home insurance policy, which covers your personal property,
has limits on how much it will pay for certain kinds of valuable items.
Some say it’s a document as important as a will. That’s also why it’s essential to hire an appraiser who has the qualifications to produce appraisal reports
that will ‘stand up in court.’ It’s important to hire an appraiser who is accredited with one of the three major membership organizations including the International Society
of Appraisers, the Appraisers Association of America, and the American Society of Appraisers.
Reasons for an Appraisal
- Insurance Coverage - Estimating the Replacement Cost of valuables in the case of a loss or damage.
- Insurance Damage and Loss Claim - This is after the fact and may include forensics to determine the Loss-of-Value.
- Settlement Dispute - Brought forward by the insured going to court because they are dissatisfied with the claim settlement.