Insurance Claims Appraiser and Adjustor for Loss in Value

The Effects of

OZONE ...

What you need to know

BEFORE ozone is used

7326 North Central Park Avenue

Skokie, IL 60076

847-679-4747

90% of people

who experience a loss

DO NOT submit a

complete insurance claim.

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Loss in Value

ARTICLES OF INTEREST

Loss in Value / Diminished Value

Effects of Light

Effects of Ozone

Restoration or Replacement?

New Research

Insurance Art Salvage

Insurance Appraisal Clause Process

What is Loss in Value ?

Personal Property

Scientific Testing

Subrogation Insurance

Frequently, insurance adjusters hear an insured comment "It’s just not the same!", or the insured wants to be compensated for the "altered state" of their property.

Exactly what is loss in value, and how do you calculate it? The confusion surrounding the loss in value concept is plentiful. The best and most important way to understand how loss in value works in a fine art or antique property appraisals is to know what the concept is, and what it is not. To put it simply, loss in value is the reduction of worth resulting from damage and any subsequent restoration. Loss in value is NOT the difference in worth between a damaged, un-restored object and a similar property in perfect condition.

Beginning with the premise that a piece was in pristine or near perfect condition before a loss is not always a practical approach. In the categories of antiques, fine and decorative arts it is important to establish the pre-loss condition. The amount or degree of loss can only be established by comparing the pre-incident condition to the existence or degree of diminished function, altered structure, appearance, or intent of the artist. It is important to note that damage and restoration are not viewed in the same way for every property type, therefore calculating the loss in value of an object requires an expert to make these critical distinctions. The firm of Patrick B. King and Associates, Ltd. offers over 30 years of experience in valuation specializing in loss analysis. This firm offers "one stop shopping". King & Assoc. will identify pre-existing condition, scope of damage, treatment recommendations, and value as necessary.

Reversibility - Does It Exist? Insurance Claims Appraiser and Adjusters Loss In Value for:
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Insurance claims appraiser adjuster New Loss of Value		Insurance claims appraiser adjuster Sentimental Loss of Value

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Home	Insurance Appraisal Clause	What not to do
Corporate History	Damage Analysis	Effects of Ozone
Services	Loss Management	Articles
Client List	Fine Art Appraisal	Testimonials
Contact Us	Insurance Art Salvage	Expert Testimony

e-mail us at: pbking2@sbcglobal.net

Patrick B. King & Associates

7326 North Central Park Avenue

Skokie, IL 60076

847-679-4747