USPAP-compliant appraisals establishing replacement cost value for adequate insurance coverage. AppraiseItNow appraises personal property, equipment, artwork, boats, and automobiles to help you avoid underinsurance on your most valuable assets.
Valuations by experienced appraisers across assets
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Joe Kattan
Anne Hay, ISA AM
Jason Dolph, CAGA
Ashley Innes, ISA AM
Tim Roy, ASA, CEA
Justin Ramirez, ASA, ABV, CFA
Marnie Erkelens, CAGA
Raymond Ghelardi, ASA
Aron Blue
About AppraiseItNow's Insurance Coverage Appraisal Services
An insurance coverage appraisal establishes the insurable value of your property so your policy limits accurately reflect what it would cost to repair or replace your assets after a loss. Unlike post-loss claim appraisals, this is a proactive step taken when obtaining a new policy, adding a scheduled rider, or updating coverage after acquisitions or market shifts. The most relevant value standards are replacement cost, actual cash value, and fair market value, depending on your policy type and insurer requirements. No IRS filing triggers apply, but USPAP-compliant documentation is essential for insurer acceptance.
AppraiseItNow delivers insurance coverage appraisals online and onsite across the United States, covering personal property, equipment and machinery, artwork, boats, and automobiles. Our certified appraisers produce detailed, photo-documented reports that satisfy insurer requirements and support scheduled coverage riders. Our mission is to deliver defensible, USPAP-compliant valuations with exceptional speed, professionalism, and client service.
What Does AppraiseItNow Appraise for Insurance Coverage?
AppraiseItNow covers every major asset class that commonly requires documented insurable value for insurance coverage purposes, including:
- Personal Property – jewelry, antiques, furniture, coins, collectibles, and household goods
- Equipment & Machinery – medical equipment, restaurant equipment, manufacturing machinery, and technology assets
- Fine Art – paintings, prints, sculpture, photography, and mixed media
- Boats & Watercraft – sailboats, powerboats, yachts, jet skis, and personal watercraft
- Automobiles & Vehicles – cars, trucks, motorcycles, RVs, trailers, and classic vehicles
Who Does AppraiseItNow Serve?
- Homeowners and renters seeking scheduled riders for jewelry, antiques, collectibles, or high-value household goods
- Business owners needing documented insurable values for commercial equipment, machinery, and technology assets
- Collectors and galleries requiring USPAP-compliant appraisals to insure fine art at accurate replacement cost
- Boat and watercraft owners obtaining or renewing marine insurance policies for sailboats, yachts, and personal watercraft
- Classic car enthusiasts, RV owners, and fleet operators establishing agreed-value coverage for vehicles and trailers
5-Star Valuation Services, Loved by Hundreds
AppraiseItNow offers online appraisals and onsite appraisals in all 50 states including New York, California, Texas, and Florida.
What is an insurance coverage appraisal?
An insurance coverage appraisal is a professional valuation that estimates the replacement cost or insurable value of your property to establish appropriate policy limits before a loss occurs. It differs from a post-loss claim appraisal, which resolves disputes over the amount of a loss after it has happened. The result is a documented financial baseline that helps you and your insurer align coverage with actual asset value.
When is an insurance coverage appraisal required?
Insurance coverage appraisals are not federally mandated, but they are strongly recommended for high-value or unique assets to prevent underinsurance. Common triggers include obtaining a new policy, updating coverage after market shifts, or when your insurer requests documented proof of value.
What types of assets need an insurance coverage appraisal?
Any high-value or unique item that exceeds standard policy limits benefits from a dedicated appraisal. Asset types AppraiseItNow covers include:
- Jewelry, antiques, furniture, coins, collectibles, and household goods
- Medical equipment, restaurant equipment, manufacturing machinery, and technology assets
- Paintings, prints, sculpture, photography, and mixed media
- Sailboats, powerboats, yachts, jet skis, and personal watercraft
- Cars, trucks, motorcycles, RVs, trailers, and classic vehicles
Who qualifies as an appraiser for insurance coverage purposes?
Qualified appraisers must be USPAP-compliant and hold recognized credentials in their specialty, such as those issued by the International Society of Appraisers for fine art and collectibles. Appraisers must be impartial and competent, as required by most policy clauses, and state statutes may also influence applicable valuation standards.
Are AppraiseItNow's insurance coverage appraisals USPAP-compliant?
Yes. Every appraisal AppraiseItNow delivers is prepared in accordance with USPAP, ensuring documented methodology, appraiser certifications, and defensible conclusions that meet insurer submission standards.
What information do you need to get started?
You can submit everything through AppraiseItNow's secure online interface with no office visit required. Helpful information includes:
- Clear, high-quality photos of each item
- Descriptions including make, model, age, condition, and any distinguishing features
- Purchase receipts, prior appraisals, or provenance documents if available
- For equipment or vehicles, serial numbers and maintenance records where applicable
How long does an insurance coverage appraisal take?
Turnaround times vary by asset type:
- Personal property: 7 to 10 days for most remote appraisals; 2 to 3 weeks for onsite inspections or larger collections; rush same-day or next-day service available
- Equipment and machinery: 7 to 10 days for most remote appraisals; 2 to 3 weeks for onsite inspections or larger collections; rush same-day or next-day service available
- Artwork: 5 to 7 days for simple projects; 2 to 3 weeks for advanced assignments or large collections
- Automobiles: 3 to 5 days depending on complexity and number of assets
- Boats: 3 to 5 days for standard appraisals; marine surveys, when required, typically take 3 to 5 weeks to schedule and complete
How much does an insurance coverage appraisal cost?
Fees vary depending on asset type, scope, and complexity, visit our pricing page for a full breakdown. Rush service and onsite inspections may affect the final fee.
Can you appraise assets located anywhere in the US?
Yes. AppraiseItNow provides remote appraisals nationwide, and onsite inspections can be arranged across the country depending on asset type and location.
Will my appraisal be accepted by my insurer?
AppraiseItNow prepares every report to meet qualified appraisal standards, including a stated valuation date, documented methodology, appraiser credentials, and a non-contingent fee declaration. While no firm can guarantee acceptance in every case, following these standards significantly reduces the risk of challenge and gives insurers the documentation they need to process and honor your coverage.
Do you buy, sell, or broker assets?
No. AppraiseItNow provides independent appraisals only. We have no financial interest in the assets we appraise, which is a core requirement of USPAP compliance and ensures your valuation is objective.
Does an insurance coverage appraisal trigger any IRS reporting requirements?
No. Insurance coverage appraisals are not tax events and do not require IRS forms such as Form 8283, which applies only to charitable donations of non-cash property exceeding $5,000. Your appraisal report is prepared for insurer submission and retention, not for tax filing purposes.
How does replacement cost value differ from market value or actual cash value?
Replacement cost value reflects what it would cost to replace your property with a comparable item at current prices, without deducting for depreciation. Market value reflects what a willing buyer would pay in the open market, while actual cash value deducts depreciation from replacement cost. Insurance coverage appraisals focus on replacement cost value to ensure your policy limits cover full replacement at today's prices.
What happens if I don't update my appraisal after acquiring new assets or making significant changes?
If your policy limits no longer reflect the current replacement cost of your assets, you risk being underinsured at the time of a claim. Periodic appraisal updates ensure your coverage keeps pace with market conditions, new acquisitions, and changes to existing assets.
Can an insurance coverage appraisal resolve a dispute over whether a loss is covered under my policy?
No. An insurance coverage appraisal establishes replacement value before a loss to set adequate policy limits. Post-loss claim appraisals address disputes over the amount of a loss, while questions about whether a loss is covered at all are matters of policy interpretation handled outside the appraisal process.
What documentation is included in a USPAP-compliant insurance coverage appraisal report?
A complete report typically includes high-quality photographs, detailed item descriptions, condition assessments, the valuation methodology used, market comparables, and the appraiser's certification. For scheduled coverage items such as jewelry, fine art, or collectibles, the report also documents rarity, provenance, and the basis for any coverage rider recommendations.
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