How To Get Art Appraised For Insurance

As an art appraiser i examine the work take measurements notes about the condition signature any other physical traits and then photograph the object.

How to get art appraised for insurance.

Ensure the appraiser knows that the appraisal is for insurance purposes. Next they factor in the condition of the artwork to determine a fair market value this is a minimum and maximum figure in usd that the artwork is likely to fetch at auction. These documents include proof of ownership bill of sale provenance a replacement estimate photographs and the most recent appraisal. You should be able to readily find this information on an appraiser s website.

The first step to insuring your art collection is putting together provenance or all the necessary documentation to prove that the work of art is yours and what it s currently worth. Looking at the back of two dimensional works is as important as looking at the front since there are often gallery stickers or identifying features that are extremely useful. Searching to find an appraiser that is a match in terms of your item s category is time well spent usually resulting in the most accurate appraisal for your art antique or collectible item. The appraisal should contain contact information for the appraiser a conflict of interest disclaimer and also a statement of how the appraised value was determined.

For example insurance value is the retail value or what would it cost today to buy a similar item. Our uspap compliant appraisers assess market value of an artwork by comparing it to similar artworks by the same or similar artists at auction.