Replacement Value Appraisals to Insure Valuable Items

If you’re planning to insure valuable items, you will need a replacement value appraisal. A Replacement Value Appraisal from Bass & Bass LLC is a document that estimates the retail replacement value of your property, meaning the amount it would cost to purchase the same or a similar item in the event of a loss, and also contains a detailed description of each item. The description will be important for identification purposes if your property is lost or damaged, and often includes medium or material, size, country of origin, and artist or maker. All appraisal reports are written to the exacting criteria of the America Society of Appraisers Appraisal Report Writing Standard and will reflect the realistic resale value of the property from a willing seller to a willing buyer when both parties understand the current market.