Overstated, over valued and false appraisals contribute to billions of dollars every year in fraudulent personal property claims. Insurance claims fraud is a real problem for both consumers and insurance companies. Insurance companies have become more concerned about the accuracy and competency of, jewelry, fine art and special personal property appraisals. Appraisals for jewelry, fine art, and collectibles should outline the compensation a policy holder will receive in the event of a loss. Appraisals also help the insurance company rate the risk and qualify it for insurance coverage. An insurance appraisal should also: Prove you own and you are in … Continue reading →