Home & Gifts Q&A

What Exactly Is An Appraisal?

by @ 4:50 am on April 20, 2023. Filed under Q&A

An appraisal is an unbiased professional opinion of a home’s value…. In a purchase-and-sale transaction, an appraisal is used to determine whether the home’s contract price is appropriate given the home’s condition, location, and features.

Do I need an appraisal for jewelry insurance?

Common Ring Appraisal Misconceptions Insurance usually requires a detailed description of your jewelry, which you are more likely to find described on an insurance evaluation, appraisal or very detailed sales receipt…. You do, however, need an appraisal (or other adequate documentation) at the time of a claim.

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