Insurance Claim
Elizabeth works with insurance companies, public adjusters, restoration companies, individuals, and more when art, antiques, vintage, and household items require an appraisal for an insurance claim settlement.
Obtaining an appraisal report of item(s) damaged, assists in the insurance claim process by ensuring that an item is not undervalued in the settlement process. Additional acquisition costs in the replacement of damaged items such as shipping costs are also considered when it is possible for shipping costs, etc. to be accurately determined.
Appraisals for Insurance Claims
What an Appraisal Report Can Do for You
An appraisal report provides an unbiased, third-party statement of value on the item(s) damaged
In an insurance claim situation, an appraisal report can assist in the claim process by ensuring that the insured is made whole to the greatest extent allowed by their individual insurance policy. This includes additional acquisition costs that can be encountered in the replacement of damaged items such as shipping & delivery costs, etc. when additional costs can be accurately calculated.
Provides a firm statement of value (not a range)
Provides a Replacement Value of your item(s) based on today’s market and additional acquisition costs* that can be utilized by the insurance company in the settlement process (*If additional costs can be accurately determined.)
Each report is tailored specifically to your situation and needs. Please read below to learn more about the appraisal process - the types of items I appraise, pricing, and more!
Click HERE to request additional information and a quote for your appraisal report.
Image Source: Archives of Swedish cultural commons; Furniture Interior: Architecture and Design Centre, Photographer, Sune Sundahl (1921-2007)
Appraisal Pricing
What types of items do I appraise?
I specialize in 19th and 20th century fine art and decorative art objects. This includes antique and vintage items such as: silver, American, English, and French furniture, ceramics, pottery, porcelain, books, vintage fashion, glass, textile, toys, paintings, sculpture, works of art on paper, prints, frames, photography, and general household contents.
What is an appraisal?
An appraisal is an opinion of value. It is the act or process of determining value, estimating cost, or calculating the present worth of forecasted earnings.
An appraisal report is a written report of an appraiser’s opinion of value of an item(s) or collection(s) evaluated.
Appraisals are supported by facts. Appraisal conclusions are arrived at through systematic and thorough analysis, and processing of all relevant factors.
Definitions taken from the International Society of Appraisers
Why do I need an appraisal?
There are many reasons and situations where a USPAP-compliant appraisal report is needed.
Reasons for an appraisal include:
Obtaining insurance coverage
Insurance Damage/ Loss Claim
Equitable distribution for an estate
Estate Planning
Liquidation of Assets
Loan Collateral
Equitable distribution for a divorce settlement
Desire to know the value of an item(s)
Pre-Move Inspections
What is an appraiser?
An appraiser is a professional who specializes in providing opinions of value (appraisals) and valuation services in an independent, impartial and objective manner.
Professional appraisers have taken courses and have been trained in appraisal theory and methodology as well as specific product and specialty knowledge.
ISA appraisers must take classes, pass exams, and subject their reports to peer review as well as meet USPAP and minimum experience requirements.
Definitions taken from the International Society of Appraisers
FAQs
Who do I work with?
Anyone who can benefit from an appraisal report!
Examples Include:
Individuals
Families
Estate Attorneys
Attorneys
Real Estate Agents
Certified Public Accountants
Insurance Agents
Personal Representatives of Estates
For-Profit Businesses
Non-Profit Businesses
Community Foundations
College/ University Foundations
Churches
Museums
Can you do an appraisal virtually and/ or by photograph?
Yes, in many cases an appraisal can be completed by photographs and information provided by the client.
How quickly will I receive my appraisal report?
Time Frame: Two Weeks to Several Months
Completion of your appraisal report will depend on several factors: the number of items being appraised, amount of research involved with each item(s), and if additional expert opinion is required. (For example, if you have an insurance claim for a painting that has been damaged, a painting conservator will need to be contacted to obtain a quote for the repair of the painting.)
Do you accept credit cards?
Yes, I accept payment in several formats: cash, check, wire transfer, and credit card.
Physical Locations/ Regions Served
Counties/ Regions Served: Upstate, South Carolina (Spartanburg, Greenville, Union, Laurens, Abbeville, Anderson, Cherokee, Greenwood, McCormick, Oconee, Pickens); Western, North Carolina (Asheville, Hendersonville, Tryon, Lake Lure, Brevard, Columbus, Rutherfordton, Spindale, Hickory, Marion, Shelby, and Morganton); Midlands, South Carolina (Richland, Lexington, Newberry, Columbia, Irmo, West Columbia, Cayce, Forest Acres)