Tuesday, March 29, 2011

APPRAISING CONTENTS & VALUABLES. ARE YOUR FLORIDA APPRAISERS LICENSED?


INSURE YOUR VALUABLES
DELRAY BEACH, Florida - If you live in South Florida, it's possible that you've called us to inquire what we could do to mitigate your loss of uninsured valuables after they were stolen or lost in some other manner. If you hadn't taken out a personal property endorsement, your insurer most likely informed you that these items weren't covered under the contents portion of your homeowner's policy. Your insurance agent may have forgotten to tell you about that.-
Your only hope of recovery will be to inquire whether the lost items are tax-deductible. So, with our best wishes for success, first call your accountant. Then you'll know whether or not you'll need us to piece something together for you. Please tell us you've at least kept a descriptive inventory with corroborating photos.

Have valuables? Insure them.

Ann Douglas from the very informative web site DoorFly.com has written to St. Lucie Appraisal both to complement our articles and to let us know how many of their own blog posts might be of interest to us. While our business is appraising contents, art, collectibles, antique cars and the like, DoorFly.com concerns itself with matters involving real estate. Their articles about contractors, home insurance, building a house, getting a mortgage, selling a home, realtors, shopping for condos, etc. are a must-read for anyone with these objectives in mind.

Ann writes, "I have become a frequent reader of your blog and we recently posted an article “10 Things Not Covered by Home Insurance” that dovetails well with your viewers. Perhaps you would be interested in sharing with them. Thanks again for the great content, and I hope the article I've linked primes your interest."

Here's the link: http://blog.doorfly.com/articles/2011/10-things-not-covered-by-home-insurance


FLORIDA LICENSED
ADJUSTERS & APPRAISERS
http://stlucieappraisal.net/
In response to an article we published about licensed vs. non-licensed appraisers doing business in the State:
Russell: "In Florida, it seems as though people are confusing accreditation with licensure. Every question that has been asked about licensure has been answered from an accreditation standpoint. An appraiser may be accredited to provide insurance services in New York but it doesn't mean that they have a license to practice in Florida.”

Fran: "True story. In trying unsuccessfully to find an appraiser to act as a third-party umpire in an insurance dispute, I called Farmer's Insurance, Markel Insurance as well as a few other insurers who use independent appraisers in an attempt to locate one. What I learned was basically that every independent appraiser in the area was unlicensed. These weren't just mom and pop operations; some of these appraisers worked for national adjusting firms."

Florida Statutes 626.855: Any person who is self-employed or is associated with or employed by an independent adjusting firm or other independent adjuster, and who undertakes on behalf of an insurer to ascertain and determine to amount of the claim, loss, or damage payable under an insurance contract or undertakes to effect settlement of such claim, loss or damage must possess a RESIDENT INDEPENDENT ADJUSTER license from The State of Florida Department of Financial Services.
 
Robert Bryant: I don't know how significant the fines and/or penalties are for insurors using unlicensed professionals. If a serious accident occurs involving an auto or heavy truck that was repaired under the terms of an appraisal and agreement between a repairer and someone found to be unlicensed, I wouldn't want to be that VP of Claims.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net

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Keywords for this article: appraise, contents, st. lucie appraisal, art, collectibles,  antique, car, South Florida, home, insurance, uninsured, valuables, personal property, endorsement, tax deductible, accountant, accreditation, licensure, licensed, appraiser


Revised 09-04-2012
Updated 06-20-2013

Tuesday, March 22, 2011

APPRAISALS OF ART, COLLECTIBLES AND PERSONAL PROPERTY - SERVICE THROUGHOUT SOUTH FLORIDA

APPRAISALS OF ART AND
PERSONAL PROPERTY
http://stlucieappraisal.net/
PALM BEACH, Florida - When a customer calls to inquire about having something appraised, the first thing we ask is for what purpose is the appraisal being done. In fact, if you are planning to hire any appraiser, if he or she doesn't ask that question early on in the conversation, chances are you'll receive an incomplete or useless report. How does one go about finding a competent appraiser?

Is your appraiser licensed in the state where you live? In Florida, an appraiser may not perform any type of appraisal that pertains to insurance without an adjusters license from the State of Florida Department of Financial Services. The requirements read: Any person who undertakes on behalf of an insurer to ascertain and determine to amount of the claim, loss, or damage payable under an insurance contract or undertakes to effect settlement of such claim, loss or damage.

Most appraisers you'll find are not licensed, rather, they obtain credentials in other ways. A person must have a clean record, for instance, to obtain an adjusters license in all states. You'll find plenty of fraud in the world of auctions and appraisals and a conviction for such an offense disqualifies an appraiser from licensure. The American Society of Appraisers in Washington, D.C. is just one organization for appraisers. One need not be licensed in order to receive an ASA designation. After passing an examination, all you need is money - the annual dues are $560.00 after an initial payment of $565.00.

One important difference between a licensed appraiser and appraisers with other types of accreditations and certifications is that a licensed appraiser is held to higher standards, both ethically and professionally, by virtue of the fact that his or her license may be revoked. Conversely, the only way an accredited or certified appraiser can lose their designation is for failure to pay membership dues in a timely manner. In cases where expert testimony is given, judges and arbitrators recognize the legitimacy of licensure over other types of qualifications. Often, the outcome of legal decisions hinges on details such as these.

Have questions? We are always glad to help. In fact, we turn away more work than we take in after hearing some of the things people want appraised. We try to be fair and always strive to provide prompt, professional service to our customers.


APPRAISAL SERVICES FROM MIAMI TO MELBOURNE


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net



Updated 06-20-2013