Type of Value: Retail Replacement Value

Use Case: Insurance underwriters rely on Retail Replacement Value to set accurate insurance policy coverage limits. The valuation reflects the amount it would cost to replace the objects in the event of a loss. Appraisers identify the appropriate market that would be engaged should a replacement be necessary. The insured value is generally higher than the Fair Market Value.

Recommendations: Depending on what type of art is insured, we recommend an updated valuation every six or twelve months to keep policy limits consistent with market changes. We offer subscriptions for a percentage of the original appraisal cost. Our reports are accepted by all major insurance carriers.

Notes: Should a claim be filed we are available to help in the process. An accurate and compliant valuation on file makes for a smooth process.