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Show VALUE FORUM realizing the worth of your possessions Reasons for Appraisals By Dexter D. MacBride, ASA Executive Vice President AmericanSociety of Appraisers Americans have always been on the move; in fact, relocation re-location of families is at a peak. In most instances, moving mov-ing companies and common carriers are involved in the transport of household goods from coast to coast. Moving companies provide printed brochures as part of their services, detailing how to list items being shipped and recommending that you provide substantiated records of the items. It appears that most people feel comfortable with minimum coverage for replacement established by transportation guidelines. I pose the question: If the van containing your household effects had a total wreck, would the minimum coverage equitably reimburse you for such a loss? Division Of Property Parties involved in the settlement set-tlement of personal property often overlook the accumulation accumula-tion of "forgotten" articles. A few examples may be: inherited china; lamps and glassware from the 20's or earlier; exquisite linens, stored out of sight; clothing in good condition from the 20's and 30's, fast becoming collectors' items. These are two reasons why a personal property appraisal may be advantageous to you; in each case you can be at ease knowing you have taken steps to professionally record the value of your personal property. For information on appraising ap-praising and professional personal property appraisers, write: American Society of Appraisers, P.O. Box 17265, Washington, D.C. 20041. |
