Replacement Cost Appraisal
USPAP-compliant replacement cost appraisals of personal property, artwork, machinery & equipment, cars, boats and more - accepted by major insurance carriers.
Offered by world-class certified appraisers
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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 Replacement Cost Appraisal Services
We provide independent, USPAP-compliant Replacement Cost appraisals to help insurers, brokers, risk advisors, and property owners determine appropriate coverage levels.
Our reports estimate what it would cost, at today’s market prices, to replace an asset with another of like kind, quality, and utility. Many assignments can be completed efficiently using detailed documentation, photographs, and market research, while onsite inspections are recommended when risk or complexity warrants.
Personal Property & Collections
We appraise individual items and collections of tangible personal property commonly scheduled on insurance policies or reviewed for coverage adequacy, including:
- Fine art, decorative art, and collectibles
- Jewelry, watches, and gemstones
- Antiques and period furnishings
- Household contents and personal effects
- Memorabilia and specialty collections
Replacement Cost analysis focuses on the appropriate retail or dealer market in which a comparable item would be obtained.
Machinery & Equipment
Our credentialed appraisers provide Replacement Cost opinions for a wide range of commercial and industrial assets, supporting underwriting, risk review, and claim documentation.
Common categories include:
- Industrial and manufacturing equipment
- Construction and heavy equipment
- Medical and laboratory equipment
- Restaurant, hospitality, and foodservice equipment
- Warehouse, material handling, and logistics assets
Vehicles, Boats & Transportation Assets
We value many transportation-related assets treated as personal property for insurance purposes, including:
- Passenger vehicles, trucks, and specialty vehicles
- Recreational vehicles (RVs) and trailers
- Boats, watercraft, and marine equipment
- Fleet and multi-unit portfolios
Values are developed from condition, specifications, configuration, and current market availability. Where marine surveys or physical inspections are required by carriers, those services must be performed onsite.
Business Assets & Inventory
We provide Replacement Cost appraisals for business-owned tangible property used in operations or scheduled under commercial policies, including:
- Inventory and stock
- Furniture, fixtures, and equipment (FF&E)
- Office, retail, and trade equipment
- Multi-location or portfolio assets
These reports assist with policy placement, limit evaluation, coinsurance analysis, and claim support.
Assets That May Require Onsite Review
While many assignments can be performed efficiently using documentation, certain situations may require physical inspection or fall outside remote scope. Examples include assets where authenticity must be verified firsthand, property subject to carrier mandates, or items requiring specialized testing.
If an onsite visit is necessary, we will advise you before engagement.
Built for Insurance Reliance
Our Replacement Cost appraisals are prepared by qualified professionals, developed using recognized valuation methodologies, and structured for use by insurers, brokers, and risk professionals.
Reports are commonly used for:
- Policy underwriting
- Coverage placement
- Limit reviews
- Scheduled property documentation
- Claim substantiation
If you are unsure whether your assets can be evaluated remotely or whether Replacement Cost is the correct definition for your needs, our team can quickly confirm feasibility.
Replacement value appraisals for commercial and personal clients.
Servicing Commercial & Industrial Businesses
AppraiseItNow serves major businesses and commercial clients, including:
- Insurance carriers
- Insurance agents and brokers
- Industrial companies & Manufacturers
- Manufacturers
- Logistics providers
- Finance teams
- Attorneys & Financial Advisors
- Museums
Servicing Individuals & Households
AppraiseItNow also serves individual consumers with projects large and small. These clients often include:
- High Net Worth Individuals (HNWIs)
- Households updating their insurance policies
- Couples going through marital divorce (depending on jurisdiction, FMV might be required instead)
- Households dealing with lost, stolen or damaged items.
- Individuals dealing with insurance or other third-party claims
Replacement Cost Appraisal – Frequently Asked Questions
What is a Replacement Cost appraisal?
A Replacement Cost appraisal provides an independent opinion of what it would cost to replace an asset with another of like kind, quality, and utility at current market prices.
These appraisals are commonly used for insurance coverage, policy scheduling, risk management, and claim support. Depending on the asset and circumstances, the work may be completed remotely or may require an onsite inspection.
What types of items can be valued for Replacement Cost?
AppraiseItNow provides Replacement Cost appraisals for a wide range of personal and business property, including:
- Antiques and antique furniture
- Household contents and general personal property
- Fine art and collectibles
- Jewelry, watches, and precious metals
- Residential and commercial furniture
- Machinery and equipment
- Vehicles, boats, and RVs
- Inventory and operating assets
If you are unsure whether your asset fits within our scope, our team can confirm before engagement.
Can antiques be valued for Replacement Cost?
Yes. Replacement Cost opinions are often required when insuring antiques or documenting appropriate coverage levels.
The analysis considers current retail markets, availability, quality, craftsmanship, and what it would cost to obtain a comparable substitute in today’s environment.
Do you value antique furniture and modern furniture for insurance?
We do. Assignments cover both period pieces and contemporary furnishings and are frequently used for insurance scheduling, collections management, and risk planning.
Values are based on the cost to replace the item with one of similar age, condition, and desirability in the current marketplace.
Do you provide Replacement Cost appraisals for artwork?
Yes. We provide Replacement Cost opinions for paintings, prints, sculptures, photography, and mixed-media works.
Research focuses on what it would cost to acquire a comparable work in the appropriate retail or gallery market, taking into account artist reputation, medium, size, and quality.
What are Replacement Cost appraisals used for?
Replacement Cost conclusions are most often relied upon for:
- Insurance policy placement
- Coverage reviews
- Claims support
- Risk management
- Asset scheduling
Each report is tailored to the specific insurance or advisory need.
What information will I need to provide?
Most assignments require clear photographs, condition details, and identifying information such as serial numbers, signatures, or maker marks where applicable. Any purchase documentation or prior schedules can also be helpful.
Once scope is defined, we outline exactly what is needed to proceed.
Is an onsite inspection required?
Not always. Many Replacement Cost assignments can be completed efficiently using photographs and documentation. For high-value, rare, or complex assets, an onsite visit may be recommended.
The methodology is determined by risk, coverage requirements, and reliability needs.
Are your Replacement Cost appraisals USPAP compliant?
When required, assignments are performed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). The report clearly discloses the scope of work, research performed, and the definition of value applied.
Do you provide other value types?
Yes! In addition to Replacement Cost, we frequently provide Fair Market Value, Actual Cash Value (ACV), Orderly Liquidation Value, and Forced Liquidation Value appraisals when the intended use calls for it.
Will the appraisal be accepted by insurance carriers?
Our reports are prepared by independent, qualified appraisers and are commonly used by insurers, brokers, risk advisors, and claims professionals.
Because carrier requirements vary, we review any known guidelines in advance whenever possible.
How long does the process take?
Most assignments are completed within several business days after all required information has been received. Timing depends on asset complexity, research needs, and reporting requirements. Expedited service may be available.
How do I begin?
Provide basic information about the asset and the coverage need. Our team will confirm scope, timeline, and pricing, then guide you through the documentation required to move forward.