NEW YORK INSURANCE APPRAISER
Insuring your valuable possessions may be the prudent choice in protecting your investment from unforeseen losses, i.e., theft, fire and storm or breakage during a move.
What does an insurance appraisal involve?
Initial inspection of items to be appraised includes observation of appearance, age, quality, origin, provenance and previous restoration.
The appraisal includes photographs of each item listed on the appraisal document, together with photos of imperfections or special characteristics if they exist.
The documentation of goods by an accredited appraiser shows ownership of property and lists a detailed written description of the items including country of origin, age, material, maker marks and any edition numbers and/or model numbers that are pertinent. Dimensions of all items are documented. Measurements and weights of precious metals with calibrations for precious stones are submitted. The estimate on an insurance appraisal most often uses Retail Replacement Value. Retail Replacement Value is the highest price in terms of cash that would be required to replace a property with another of similar age, quality, origin, appearance and condition.
How frequently should I get an insurance coverage appraisal?
It is recommended that an Insurance Coverage Appraisal is kept up-to-date with market fluctuations. Usually, every three to five years is time to review.