Insurance Appraisals
Standard of value: Retail Replacement Value
Insurance appraisals establish the cost to replace a work with another of similar kind and quality in the retail market where it would most likely be replaced. They’re used to schedule fine art and personal property on homeowner’s or specialty policies, and to substantiate claims after loss, theft, or damage.
- Itemized schedules for scheduling on a fine arts or homeowner’s policy
- Post-loss and damage claims documentation
- Periodic updates (typically every 3–5 years) as markets shift