If you own antiques â€“ you need to get them appraised! If you are a budding antiques collector, or a veteran investor that has purchased many antiques within your time, you are well aware that antiques hold an inherent value and need to be protected, just like any other item within your household. In fact, since antiques are more than likely to hold their value, and in fact could actually be appreciating in value, they definitely need to be appraised more often than other household goods. Most appraisals are conducted for insurance purposes, and are definitely needed for most insurance firms to secure against any type of misfortune, including theft, fire or other accidental damage. Without a proper appraisal being performed, it is unlikely that the majority of insurers will even consider insurance for your prized antique items. Appraisals and specialist insurance policies should in all cases be considered as antique collections, or even specific antique pieces, are not always covered under a general home insurance policy. So to safeguard yourself, it is always advisable to purchase a separate rider policy and ensure that you can protect your investment. Most rider policies are simply separate policies to the main household contents insurance policy, and it is normally added to this policy to cover and protect the items specified in the event of a disaster. All insurance companies need to have an understanding of the value of the items being covered, and with antiques, it is often difficult to produce receipts to prove value, as value for such items is generally higher the longer the item is kept. In this regard, it is often necessary to get a professional antique appraisal of every item that you want to be covered under your main insurance policy. The appraisals can serve as evidence of the value of the items, and most will require a copy of this appraisal to be sent to the insurance company before insurance is provided.
The process for antique appraisals is fairly similar across all states, and is usually conducted by a specialist with knowledge of the particular antique category, be it furniture, antique mailboxes, antique art, or whatever antique pieces they have knowledge of. The appraisal will contain an image of the item being appraised, the description of the item and its condition, and usually will contain the value for each separate piece or the entire group as a whole. This is normally required where you may have an antique tea set and each item within the set would need to be appraised.
The selection of your appraiser is also another task that consumers have to take into consideration. It is always best to select a professional or a specialist who has a lot of experience in the field of antiquities. Obviously, as stated beforehand, you need to ensure that they have knowledge and experience in the field directly related to your item. For example, you would not want a furniture expert to give you an antique appraisal on your tea set or your antique rug. Make sure you obtain appraisals from those that have experience in this field.
Obviously since this is such a specialized role and field, the appraisal can become quite expensive, so it is always important to shop around and compare the pricing from the various service providers. You should be able to gauge the correct price, and never go for those outliers that are quite clearly pitched way too low in price. You will regret having chosen the cheapest service provider when the insurance company refutes your claim based on an incorrect appraisal. Obviously insurance is taken out as a grudge purchase, but if the unthinkable should ever happen and your antiques becomes lost, damaged or stolen, you will be glad that you had an antique appraisal and obtained insurance for these items.