When disaster strikes, insurance coverage is only as reliable as the documentation behind it. That’s why our insurance appraisal services are designed with accuracy, transparency, and compliance at the core. For collectors, homeowners, or institutions protecting valuable art, antiques, and personal property, we create USPAP-compliant reports that support swift, successful insurance claims.
A detailed insurance appraisal begins with physical inspection. We evaluate condition, construction, materials, and provenance. Each item is photographed in high resolution, cataloged by type, and supported with condition notes that reflect its current state. Our team identifies even minor flaws or wear, ensuring no surprises if a claim is ever filed.
Next, we conduct market research using comparable sales and valuation history. This ensures each item’s value reflects its current fair market or replacement cost—two terms often confused but critically distinct. Fair market value reflects what a buyer might pay in the open market, while replacement cost reflects what it would cost to replace the item new. For insurance purposes, the latter is often required.
Documentation is key. We create reports that are easy to understand but robust enough to meet the needs of insurers. These include item descriptions, appraised values, relevant comparables, photographs, and a summary sheet that can be used for quick reference in the event of a claim. Insurers want clarity and credibility—and we deliver both.
Many clients underestimate the need for updated appraisals. Market conditions change, and insurance policies can lapse or fall out of alignment with actual value. We recommend appraisals be updated every 3 to 5 years, particularly for dynamic collections or rare, high-value items. Keeping your records current means you won’t be caught off guard when damage or loss occurs.
We also assist in post-event appraisals. If damage from water, fire, or theft occurs, we provide salvage value assessments and help determine loss severity. These figures are critical to negotiating insurance settlements that reflect the true impact on your collection.
Working with a professional appraiser before damage occurs puts you in the strongest possible position should you need to file a claim. We advocate for preparation, not reaction, and we’ve seen how the right documentation can mean the difference between full compensation and disputed value.
Contact Manzi Appraisers & Restorers at 617-948-2577 or visit our Facebook page to schedule an insurance appraisal and protect what matters most.
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