Insurance Appraisal

[Richard Brekne]

I always provide 2 values, an estimated value of the instrument
musically, and an estimated market value. The market value is normally
pretty easy and this generally ends up being what an insurance company
will look at anyways. I supply an estimate of its value as a music
instrument independant of market concerns to help orient the "whome it
concernes" reading the document of its real value... which is nearly
always a composite of the two.

Supplying any bluebook like information is of course a good idea.

RicB

> Farrell wrote:
> 
> A customer of mine has asked me to do an appraisal of his 1950s
> Steinway M for insurance purposes. Piano is in good condition. I have
> not done this before. I would imagine he is looking for two, or one of
> two values: Replacement cost of a new piano, and/or replacement cost
> of a comparable piano (price being consistent with what a dealer might
> ask for a similar piano).
> 
> Anyone able to offer any guidance?
> 
> Terry Farrell

-- 
Richard Brekne
RPT, N.P.T.F.
UiB, Bergen, Norway
mailto:rbrekne@broadpark.no
http://home.broadpark.no/~rbrekne/ricmain.html
http://www.hf.uib.no/grieg/personer/cv_RB.html