Appraisals
Protect your quilts, old and new, with an appraisal by American Quilter’s Society Certified Appraiser , Donna L. Kooistra.
A written appraisal which meets the required specifications of the Uniform Standard of Professional Appraisal Practice (USPAP) is recognized by insurance companies, IRS, and other legal entities as a valid expression of an item’s worth.
It is essential if you want a fair replacement value from your insurance company for a lost, stolen, or damaged quilt. This is as important for quilts that are newly made, as well as your vintage quilts.
A written appraisal which meets the required specifications of the Uniform Standard of Professional Appraisal Practice (USPAP) is recognized by insurance companies, IRS, and other legal entities as a valid expression of an item’s worth.
It is essential if you want a fair replacement value from your insurance company for a lost, stolen, or damaged quilt. This is as important for quilts that are newly made, as well as your vintage quilts.
As quilters and quilt owners, we know that our quilts are treasures with value. Whether family heirlooms or keepsake gifts, quilt appraisals document and establish the value of your quilts.
Why Have My Quilts Appraised?
There are three basic reasons: For Insurance Purposes, Market Value, and Donation Value.
Insurance Appraisals are legal documents showing proof of ownership and value if the quilted textile is lost, stolen or damaged. If completed prior to shipping, the appraisal establishes the quilt’s value if lost or damaged. A quilt accompanied by an insurance appraisal makes a very special gift and insures that your quilt is valued by the recipient. Consider the importance of having your show quilts appraised both for shipping loss or damage as well as show requirements.
Market Value Appraisals establish a value for the sale of the quilt. The value reflects current market trends. That value that you can reasonably expect to enter into with a willing buyer and a willing seller in the current market.
Donation Value Appraisals are required by the IRS to document the quilt’s value for donation, gift, or estate purposes for tax deduction.
Why Have My Quilts Appraised?
There are three basic reasons: For Insurance Purposes, Market Value, and Donation Value.
Insurance Appraisals are legal documents showing proof of ownership and value if the quilted textile is lost, stolen or damaged. If completed prior to shipping, the appraisal establishes the quilt’s value if lost or damaged. A quilt accompanied by an insurance appraisal makes a very special gift and insures that your quilt is valued by the recipient. Consider the importance of having your show quilts appraised both for shipping loss or damage as well as show requirements.
Market Value Appraisals establish a value for the sale of the quilt. The value reflects current market trends. That value that you can reasonably expect to enter into with a willing buyer and a willing seller in the current market.
Donation Value Appraisals are required by the IRS to document the quilt’s value for donation, gift, or estate purposes for tax deduction.
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Written-$75.00
For insurance purposes, determining market value, or IRS Donation appraisal. Complete written description and photo within document determining financial value. |
Verbal-$30
For determining date, pattern, and other details on vintage quilts and may include financial valuation, but no written documentation. Verbal evaluations do not include financial information for new quilts as they require far more extensive calculation that a verbal evaluation time period will allow. |
