Are online appraisals USPAP-compliant?

Yes—online equipment appraisals can be fully USPAP-compliant when performed by a qualified appraiser using an appropriate scope of work. USPAP does not require an onsite inspection for every assignment; instead, it requires that the appraiser collect sufficient, credible data to support the intended use of the appraisal. 

Online appraisals rely on detailed photos, serial numbers, specifications, condition descriptions, ownership records, and market data to reach defensible conclusions. For many purposes—such as insurance coverage, estate planning, charitable contributions, financial reporting, and certain lending needs—remote analysis is entirely appropriate and widely accepted. The key is that the appraiser clearly discloses the scope of work, inspection type, assumptions, and limiting conditions within the report. When onsite inspection is necessary due to asset complexity, risk profile, or client requirements, we’ll advise that upfront.

Learn more about USPAP standards.