AFAA can be engaged for damage and loss appraisals by the owner of the property, by the insurance broker or the insurance carrier. In the event of damage or loss, AFAA can provide pre-loss, post-loss, post-restoration and loss-in-value appraisals to aid the insurance claim process.
The participation of a qualified appraiser should be considered in most fine art claims where loss or damage has occurred. Often, the services of a professional conservator are also required. The use of an objective third party can be important in the claims settlement process.
The appraisal should state the value of the item prior to damage. The report might also suggest the anticipated value of the damaged artwork when the recommended conservation treatment has been performed.
