The Personal Property Appraisal Group
The experienced appraisers at the Personal Property Appraisal Group provide professional reports that are used by individuals, businesses, courts, the insurance industry, financial institutions, lawyers, executors, the government and others.
The appraisal report contains professional opinions of value or cost for one or more of the following:
- Insurance coverage for households, businesses and vehicles
- Capital gains/probate/estate tax appraisals on personal property
- Income tax deductions for Charitable Donations
- Equalization in the case of divorce or business dissolution or estate asset distribution
- Insured Damage losses
- Value for use in the anticipated purchase or sale of assets
- Other uses that requires a professional opinion of value
The intended use of an appraisal is the reason why the appraisal is being conducted. The intended use is dictated by the client. Examples of intended uses of appraisals are:
- Dividing real estate or personal property among heirs or family members
- Obtaining insurance coverage
- Submitting a claim to your insurance company when there has been a car accident, flood or fire or other loss at your personal property
- Selling an item that is no longer needed
- Receiving a tax deduction for donating an item to charity
- Filing an estate tax return
- Settling property issues in a divorce or separation
- To aid in the settlement of stolen property
- Provide proof the property existed
- Provide proof of the property's pre-existing condition in the event of a total loss
- Facilitate claim settlement by providing a detailed inventory, description and itemized replacement cost
Our professional appraisals help to reduce your exposure to risk with accurate valuations based on facts. Our appraisals are researched in the appropriate marketplace, and are based on accepted standards of evaluation, research and report writing.
Our appraisal reports may be used to obtain insurance coverage; to settle damage and loss claims; to make charitable donations; to facilitate equitable distribution of personal, estate and/or business assets; to determine capital gains tax or probate fees, divorce and business dissolutions; to make informed decisions; and to be used as loan collateral.