Personal Property Inventory and Valuation Services:
Estate Inventory - A home or office inventory is a comprehensive report which includes detailed descriptions, estimated values and photos of the personal property. While considered a key component in documenting insurance claims and creating a division of assets, an inventory is also valuable for estate and financial planning.
We compile a detailed report of all of the personal property including: furniture, jewelry, collectibles, antiques, art, coins, and miscellaneous items.
In fact, you must provide documented proof of ownership to receive a settlement covering the full extent of a loss. According to the National Association of Public Insurance Adjusters, most policyholders do not realize that the burden of proof rests with them.
The other reason to have a personal property inventory is in case there will be a liquidation process, this way all of the heirs can either buy an item from the estate, or they can distribute the items amicably.
Insurance Valuation - This is necessary before there is either a loss due to damage or theft of an item. Because once the item is gone it is too late! Most insurance companies require clients to have a valuation report for items that are not under normal personal property coverage such as some fine art, collectibles, antiques, jewelry, coins, sterling silver etc. Although we are not licensed appraisers we have access to them and can help with the process.
Charitable Contribution Inventory & Valuation - This is important if you plan to donate items to a non-profit that are worth more than $5,000. This could be anything from fine art and collectibles to deconstruction items.
What is deconstruction? When remodeling your home or office you can donate items that can be reused such as kitchen cabinets and appliances, windows, doors, flooring, tile, vanities, plumbing, hardware, furnishings, window treatments, office furniture and panel systems, etc., instead of sending them to a landfill.