Charitable donations

Canadians donating art, antiques, or other collectibles worth more than $1,000 to registered charities require written appraisal reports to establish the fair market value of the gifts. Increased accountability requirements and problems with overstated and unsubstantiated valuations have prompted many Canadian charities to ask that appraisals comply with “industry standards.”

Appraisal Associates addresses this key issue through compliance with International Valuation Standards (IVS). These standards meet or exceed the Canada Revenue Agency’s expectations for appraisal reporting, offering both charity and donor professionally generated documents useful for income tax purposes.

To learn more about how Appraisal Associates can provide your registered charity with appraisal reports for donation purposes, please contact us here.

Insurance coverage

Insurance coverage appraisal reports are your organization’s evidence of value in the event of a loss and claim. These generally focus on estimating replacement value, which is your cost to replace a stolen, damaged or destroyed item with one of “like kind and quality.” The reports also bear witness that you were in possession of the property and provide an accurate description of it. 

Appraisal Associates provides reports prepared to recognized valuation standards, ensuring that your insurance company has everything it needs to schedule coverage of your organization’s property. A complete and professionally prepared appraisal report will be beneficial in the event of a loss and claim. Our reports are deemed complete, substantiated, and rooted within generally acceptable principles of valuation. Complying with International Valuation Standards (IVS), they facilitate insurance claims rather than complicate them.

Appraisal Associates has a great deal of experience with this type of appraisal, and most insurance companies in Canada are familiar with our reports. We offer several appraisal options based on the value of your organization’s property, the size of the collection, and the degree of detail your insurance company requires.

Please contact us here to discuss insurance coverage appraisal options.

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Insurance loss / claim

Appraisal Associates works with many insurance adjusters who process complex and unusual personal property claims involving art, antiques, and decorative art. As a result, we understand the type of information insurance companies want in a claim-related appraisal report. Appraisal Associates can bring this knowledge and experience to your organization’s claim when your insurance company asks for proof of value after a loss and claim.

Relying on close examination of damaged properties, interviews, and the review of existing documents, we piece together an independent and arm’s-length estimate of replacement value. Our reports describe the lost or damaged property in as much detail as possible and provide a substantiated value estimate reflecting market conditions and anticipated costs. All this is contained within a document complying with International Valuation Standards (IVS). 

Put our skill and experience to work for you when you need to produce proof of value. For more information, please contact us here.

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Prospective sale or purchase

Appraisal Associates provides clients with appraisal reports to estimate the market value of art or artifacts. Useful for either sales or purchases, these advisory reports address the key characteristics of value of the property in question, as well as a context of comparable sales. Additionally, we can advise clients of the most appropriate sale venues to maximize return.

In providing these reports, we stress that Appraisal Associates is independent and not affiliated with any auction house or dealer. We give our clients arm’s-length appraisal reports and advice based on a full spectrum of available information. Appraisal Associates does not buy fine art, antiques, or decorative art, nor do we take property on consignment.

To discuss your organization’s purchase or sale advisory requirements, please contact us here

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