insurance Archives - Kahle Appraisals

Professional appraisers are experienced in distinct areas and practice within these “specialties.” They have gained education and experience related to these areas that help them assess the valuables you need appraised. Whether it’s jewelry, wine, books, fine art, or a myriad of other collectibles, we have you covered. Introducing my appraiser partners:

Charles Keller

Charles has worked as a personal property appraiser, consultant, researcher, and writer specializing in historical artifacts, rare and antiquarian books, fine art, and antiques for over 19 years. He earned his degree in History from UMKC in 1995, with emphasis on the cultural, political and military history of the 19th and 20th centuries, and the history of science. He has also attended the Rare Book School at the University of Virginia where he specialized in the principles of bibliographic description of books of the hand press era, 1450-1800.

While having chosen to work outside academia, he has nevertheless consulted with or made special presentations for numerous institutions around the world, including the New York Metropolitan Museum of Art, Philadelphia Museum of Art, Nelson-Atkins Museum of Art, Vincent van Gogh Museum, Amsterdam, the University of Illinois Special Collections Archive, Imperial War Museum, London, and others. He also served on the board of trustees of the National World War I Museum, as well as on the museum’s accessions committee.

Charles has worked with historical pieces spanning millennia, from ancient Egyptian artifacts to former Iraqi president Saddam Hussein’s uniforms. He maintains membership in the International Society of Appraisers (ISA), as well as an international network of colleagues in academic and appraisal circles to assist with complex projects or specialized research.

He currently serves on the executive committee of the H.G. Wells Society in the UK, regularly contributes to society publications, makes frequent appearances in media, including radio in the US and UK, and as a fact checker for various news organizations. He continues to publish on various aspects and periods of history, with his current research focusing on the international cultural impact of Weimar-era German cinema.

Rachael Blackburn Cozad

The Principal of Madison Group Fine Art Appraisals, Rachael offers over twenty-five years of comprehensive experience in the visual arts and is a certified member of the Appraisers Association of America.

From 2001-2012 she was the Director of the Kemper Museum of Contemporary Art in Kansas City, Missouri, an institution recognized for its collection of modern and contemporary art, for its exciting exhibitions of work by established and emerging artists, for its large-scale public art projects, and for its Collectors Forum program for art collectors. Prior to this, Rachael was Executive Director and Chief Curator of the Iris and B. Gerald Cantor Foundation in Los Angeles, which controls the world’s largest collection of sculpture by the 19th Century French master Auguste Rodin.

Rachael has curated exhibitions for many major museums including The Metropolitan Museum of Art, The Brooklyn Museum of Art, Los Angeles County Museum of Art, Philadelphia Museum of Art, and the Kemper Museum. She has led major projects at The White House and New York’s Rockefeller Center and internationally, in Australia, France, Russia and Singapore. Her record of publications produced in conjunction with these exhibitions is extensive.

Rachael holds an M.A. in art history from California State University, Los Angeles, and a B.A. from Texas Christian University. She serves as a peer reviewer for the U.S. General Services Administration’s Art in Architecture program and also for the Museum Assessment Program managed by the American Association of Museums. She is a former Chair of the Southern California chapter of ArtTable, a national organization for professional women in leadership positions in the arts and a current member of the advisory panel for Art 21: the award-winning PBS television series on the visual arts.

“A Diamond is Forever”. DeBeers’ marketing arm created this classic tag line back in the 1950’s. Technically, diamonds are forever. They are the hardest mineral on earth and are handed down through generations….at least most of the time. There are cases, however, when your diamond may not be yours forever. Here are some of the most common ways diamonds make their way out of your possession.

Disposal disaster – Your ring sits on the kitchen sink counter while you wash your dishes. One swipe and it flies into the drain and too far down to retrieve. The teeth of the disposal munching on your diamonds, you can almost hear the sound of memories and thousands of dollars swirling down the drain. You can’t seem to get to the off switch fast enough…

Out with the trash – You have your very own secret hiding place, unique in nature. Your toddler finds it and gets a hold of your ring and thinks the trash receptacle is a good place for it. Or, another family member makes their way through hauling miscellaneous items away for the trash, your ring stash included.

Hello there, Beautiful – Leaving your jewelry out on display. Whether at home or on vacation, leaving your jewelry out in the open invites opportunists to make away with your precious pieces.

Rocks in your Pockets – Your pockets seem like a safe place to put your ring to apply lotion to your hands. Hours later (and possibly miles later, too) you suddenly remember your ring…..just to have it slip out when you were seated or slip through a hole in the stitching.

Slippery Slope – Your ring is just a tad too loose and you haven’t had the chance to get to the jeweler for resizing. One wash of the hands or pulling off of the winter gloves and your diamond ring is flung to unknown places.

Moving Madness – No thought given when you purchase that new home, you start packing and moving boxes….and later discover that your center diamond did not make it in the move. Prongs broken and memories lost.

Hopefully, none of these will happen to you. Are you prepared if it did? Make sure your valuable jewelry is scheduled on your insurance policy for the greatest protection. And be certain to keep your jewelry appraisals up to date, every 2-3 years is recommended. Hence, it’s better to be safe than sorry.

Summertime is peak time for home sales. Real estate signs pop up like daffodils in the spring and continue long into the summer months. If your home is on the market, there is a never-ending laundry list of “to-do’s.” If you’re not moving, you likely are not off the hook either. Protecting your jewelry is a must on the “to-do” list.

Homeowner’s Insurance and Your Jewelry Coverage

jewelry appraisal insurance home Two out of three homeowners purchase their home during the summer months. If that includes you, your insurance policy renews at that same time of year. Your insurance agent will likely send you a statement showing the coverages of your home and contents for the upcoming year along with the annual premium rate. Although this is a very important document to review in general, it is even more important to review the scheduled items section – your most treasured personal possessions.

Furs, rugs, fine art, wine collections and jewelry could very well be a part of your scheduled coverage. This special coverage protects these valuables and should reflect the current cost to replace them. Your appraisal helps define your insurance policy needs and assures a comparable replacement in the event of a loss. Weather, the economy, production costs and demand are all factors that influence the markets of these collections. Due to the changes in these markets, it is likely that you are not fully covered under your current policy limits….if you have not had your appraisals updated in the past two to three years.

Seeking out a Professional Appraiser

Seeking out a professional appraiser for your valuable personal property is imperative. Unlike real estate appraisers, personal property appraisers are not licensed. And, there is very little federal or state oversight of these appraisers. So, how do you find a professional appraiser for your most treasured possessions?

Your appraiser should have the experience and qualifications to do the job right. Beyond education and experience in the field specialty they practice, find an appraiser who is formally educated in appraisal methodology, appraisal report writing, and be USPAP compliant. Look for an appraiser who has undertaken the accreditation requirements of professional appraisal organizations like the International Society of Appraisers, American Society of Appraisers, and Appraisers Association of America. After all, your appraisal is an important document that will help protect you. Simply put, your appraisal is your peace of mind.

If yes, lucky you!

Wearing jewelry makes us feel treasured, especially when it’s been given by a loved one. First of all, don’t let another day pass before you insure your new gem. The last thing you want is the possibility of losing it and not being able to replace it.

Here are some tips for insuring your new (and not so new) jewels:

What is the standard coverage limit for jewelry on your homeowner’s policy? Each policy is different; and in some cases you have a choice as to what standard coverage limit you have. Talk with your insurance agent about your options.
What is your comfort level of risk? Is there jewelry in your box that you may not be absolutely broken hearted about if it were gone? Or, maybe you have a high level of risk comfort and a savings account to back it up. If you suffered a loss, you may be able to carry some of that risk by replacing your lost items with your own cash.
If you schedule your jewelry, is there a deductible to consider? Some policies have deductibles; others have $0 deductible. Check with your agent.
Should you insure your jewelry under your homeowner’s policy or a separate policy? You have a choice in the matter. Talk with your insurance agent about your options. There are even some insurance companies, i.e. Jewelers Mutual, that specialize exclusively in jewelry coverage.
BEWARE of the inflated appraisal. Inflating the value on your appraisal simply means that you will pay higher insurance premiums. As a result, many people discover too late that an insurance company will not pay more than current market value (the $ amount you paid).
Who appraised your jewelry? As important as your appraisal is, it is even more important who is appraising your jewelry. Unlike real estate appraisers, personal property appraisers are not required licensing. It’s up to you to find a credentialed jewelry appraiser who can professionally appraise your valuables. Look for an appraiser who has undertaken the accreditation requirements of a professional appraisal organization like the International Society of Appraisers or American Society of Appraisers. Expect nothing less.
Do you have a recent appraisal on your not-so-new jewelry? Whether you have your jewelry scheduled or insured under a blanket policy, get an up-to-date appraisal that will provide detailed information and a current replacement value to ensure comparable quality jewelry is replaced in case you experience a loss.

Introducing My Appraiser Partners