While most household and office contents can be replaced “off the shelf” and are easily valued, some assets, like jewellery, artwork, Persian carpets, and collections are unique and irreplaceable. In these cases, the surveyor’s task is to provide proof of ownership by capturing valuables and collectibles on the survey report, either with a client-agreed value or with a “zero” value until the client submits the desired insurance value.
The client may obtain an expert opinion from a jeweller, antiques dealer, auctioneer etc. however, in most cases the true value of unique assets can only be determined through willing-seller-willing-buyer transactions such as at public auctions.
Beware: Some service providers claim to be specialists in valuing of all types of valuables and collectibles because the client has no way of knowing that they merely guessed the value. The fact is that not even a seasoned auctioneer is able to predict what value an item will attain on auction.
Read more: Contents Valuations - How it’s done