Whether you’ve inherited a few pieces of jewelry, are starting to collect sports memorabilia, or have invested in wine or fine art over the years, your collectibles are a part of your history and your story. They may even be worth a substantial amount of money.
Any time you own a valuable collection, consider getting the items appraised. Here’s why:
You may be surprised to know that there are different values for the same item. Depending on the purpose of the appraisal, the same item can have more than one type of value. The two most common are fair market value and retail replacement value.
How do you go about getting a professional appraisal?
People often think that the way to get an appraisal is to go to the place where that type of valuable is sold. For example, if you inherited an antique collection, you might think it wise to go to an antique shop for an appraisal.
Actually, the opposite is true!
Make sure you seek out an expert who does not have an active interest in purchasing your item.
To find a certified appraiser:
Chubb also has a list of professional appraisers that we have vetted for you. Contact us to find the right one for you.