Appraisal Associates has a wealth of experience generating appraisal documents for both insurance coverage and loss or damage and claim scenarios.
Insurance loss or damage and claim
Appraisal Associates has wide experience valuing art, antiques, and collectibles involved in insurance claims. From single-item claims worth less than a thousand dollars to large collections worth many millions of dollars, we have the breadth of knowledge and valuation expertise adjusters require.
Our appraisers are specialists in dealing with complex and difficult loss scenarios resulting from theft, fire, water damage, and other causes. We approach the appraisal process through the examination of damaged properties, structured interviewing of the insured, and the careful review of existing documentation and photographs, working toward substantiated estimates of replacement, actual cash, or salvage values.
Appraisal reports issued by Appraisal Associates comply with International Valuation Standards (IVS) as well as with the guidelines published by the Inland Marine Underwriters Association in the Underwriter’s Guide to the Valuation of Art, Antiques & Collectibles (PDF 1.3 megs). As a result, you will find our reports address key elements of particular interest and concern to insurance adjusters.
Appraisal Associates provides insurance adjusters with loss-of-value appraisal reports (PDF 900 kb). Tackling complex issues such as inherent vice, the assessment of restoration quality, and the impact of condition on value, we use our knowledge and experience to help you solve your claim problems.
Please contact us here to discuss your claim-related appraisal requirements.
Insurance brokers and agents can take the guesswork out of referring clients to an appraiser by contacting Appraisal Associates. We provide industry-standard appraisal reports of art, antiques and decorative art for insurance coverage purposes. Our firm works on a confidential basis, provides a high level of attentive service, and will help you to protect your clients’ valuable personal property.
Appraisal Associates’ reports comply with International Valuation Standards (IVS). Accurate and substantiated valuations will give your clients a high level of confidence in their insurance coverage. Moreover, a professionally prepared appraisal will give the insurance carrier a full understanding of exposure to risk, while at the same time providing a mitigation of moral hazard.
We provide on-site consultations at no charge in Toronto (some restrictions apply) and have experience in streamlining the sometimes complicated valuation process. Appraisal Associates provides prospective clients with written or verbal fee proposals good for three months after the quote.
Please contact us here to discuss the appraisal needs of your insurance clients. .
Under the provisions of the Insurance Act in the Province of Ontario (R.S.O. 1990, Chapter I.8), value disputes related to insurance claims can be resolved through a process identified as “Appraisal.” In this process, two opposing appraisers acting on behalf of the insurer and the insured appoint an umpire.
Appraisal Associates has worked with the insurance industry for many years and has participated in this process. We now offer our clients in the Ontario insurance industry umpire services to aid in the resolution of value disputes. Through our knowledge, experience, and familiarity with the nuances of the appraisal process, we are skilled in appraisal review and can provide independent and unbiased opinions of the strength and validity of any personal property valuation involving art, antiques, or decorative art. A mimimum professional fee applies to all umpire services.
Please contact us here to discuss Ontario Insurance Act umpire services.
