| FAQ SHEET – APPRAISALS
Let one of the most respected names in the industry, Haines
Obtains! Ltd., and master appraiser Miriam Haines, help you
with your future appraisal needs
- What is an insurance appraisal?
An insurance appraisal is prepared to provide you with
a full and complete listing and description of your valuables.
In addition, it allows you to provide the insurance company
or lending institution with a CRV (Current Retail Value)
of your personal property from which a fair and reasonable
replacement value can be derived.
- What is a damage/loss appraisal?
A damage appraisal is prepared to provide you with a
full and complete listing and description of your valuables,
the depreciation (loss) of value and/or the cost to restore
said property, if possible. Such appraisals can be a useful
tool in helping the insurance company or lending institution
in damage/loss scenarios, including without limitation,
fire, water damage, mold, natural disasters, and theft.
- How much does an appraisal report cost?
The cost of an appraisal varies with respect to the
quantity of items the client wishes to cover and the time
it takes the appraiser to prepare them. Please consult
our
Rate Structure for pricing
information.
- Do I really need to do an appraisal more than once?
As a rule, appraisals should be conducted every 3-5
years to protect you against market fluctuations in the
value of your personal property.
- What should I do in the event of a loss?
If an appraisal report has already been prepared, it
makes the process much easier. Simply contact your insurance
agent, who will then refer to a scheduled list of your appraised
valuables. If you have not prepared an appraisal report
prior to loss, do not throw out the remnants of your damaged
property. Let Smart Art®
assist you in the preparation of your claim.
- Why should you choose Haines Obtains! Ltd. (“Haines”)
to do your appraisal?
Haines has extensive experience working with insurance
companies as an expert witness, as well considerable educational
and professional expertise in conducting appraisals in myriad
situations.
- Will Haines represent the loss should litigation be
necessary?
Haines is fully qualified and capable to appear on your
behalf in either the deposition, Examination under Oath
(EUO) and trial phase, should the need arise.
- How long does it take to prepare an appraisal report?
Depending on the number of your valuables, their complexity
and the amount of research required, it can take from
10
days to approximately 3 weeks to prepare an appraisal report.
- What information is contained in the final appraisal
report?
Then final report consists of the following: a cover
letter disclaimer explaining why the appraisal has been
conducted, the appraisal report, and the Curriculum Vitae
of Miriam Haines, which details her professional background.
- Can Haines appraise and sell a client’s personal
property at the same time?
It is considered a conflict of interest to provide
both appraisal and brokerage services concurrently. However,
once the appraisal process has been fully consummated,
the
other may be commenced.
- Does Haines work for both individuals and insurance
companies?
Haines has provided expert testimony for both individuals
and insurance companies. It is this unique and broad professional
perspective that allows us to maintain objectivity and professional
excellence with respect to court testimony and other advocacy.
- Will Haines travel to conduct an appraisal?
Haines may be available to make travel arrangements
(outside the Los Angeles area) pursuant to the terms of
our Client
Agreement. As scheduling commitments are set in well
in advance, it is advisable for you to schedule accordingly.
- What accreditation does Miriam Haines have?
Miriam Haines is a candidate member of two of the most
prestigious appraisal societies in the world, the American
Appraisal Association (AAA) and the American Society of
Appraisers (ASA). Please see Curriculum
Vitae.
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