Antique Appraisal for Insurance: What You Need to Know
Insuring antiques? Learn replacement vs. market value, when you need a written appraisal, how often to update it and how to document your collection.
By Ayoub Farid · · 2 min read
Standard home insurance policies often have low limits for valuables like jewelry, silver, art and antiques. If you own pieces of real value, an insurance appraisal and the right coverage protect you if they're damaged, lost or stolen.
Replacement value vs. market value
- Replacement value: what it would cost to buy a comparable item from a retail source today. Insurance appraisals usually use this, and it's typically higher.
- Fair market value: what a willing buyer would pay a willing seller. Used for estates, donations and sales.
Make sure your appraiser knows the appraisal is for insurance.
What a proper insurance appraisal includes
- A detailed description: maker, materials, dimensions, marks, condition
- Photographs
- The type of value and the effective date
- The appraiser's credentials and signature
Your insurer may have specific requirements — ask before booking.
Scheduling valuable items
Many insurers let you "schedule" individual items on a rider or separate policy with agreed values. This often provides broader coverage than a general contents policy.
How often to update
Markets change. Many advisers suggest reviewing appraisals every few years, and sooner for jewelry and precious metals because their prices move with commodity markets.
Document everything yourself
Even before a formal appraisal, keep your own inventory:
- Photos of every piece, including marks and condition
- Purchase receipts and provenance
- Notes on maker, era and estimated value
A collection app makes this easy. With AntiqueIQ you can scan each piece, save its identification and estimated value, and organize items into collections like "Silver" or "Jewelry". It's not a substitute for an insurance appraisal, but it's a great starting inventory — and helps you decide which pieces need one. See how to catalog your collection.
Find the right appraiser
Choose a credentialed specialist for your item type. Our guide on finding an antique appraiser covers what to look for and red flags.
Frequently asked questions
Does home insurance cover antiques?
Usually up to a limit, which may be low for valuables. Scheduling high-value items typically gives better coverage.
Can I use an app estimate for insurance?
Generally no. Insurers usually require a written appraisal from a qualified appraiser for high-value items.
How often should I re-appraise antiques?
Every few years is common advice, and more often for jewelry and precious metals.