top of page

Appraisal Reports


As part of the appraisal process, MIR Appraisal Services writes appraisal reports for our clients, and all of our reports are created in accordance with USPAP standards. To learn more about our USPAP qualifications, please click here. Depending on the situation for the appraisal, we provide reports for Insurance Coverage & Claims, Estate Appraisals, Charitable Contribution, and Divorce & Equitable Distribution. Each report includes detailed descriptions and photographs of the items that were appraised along with the pertinent values for each item. 

Insurance Coverage & Claims

Insurance coverage and claim reports provide values for items that are not protected by the client's home insurance. For insurance reports, we provide the Retail Replacement Value (RRV). This value represents the amount the client would have to pay to replace an item with either an identical piece or a suitable equivalent. All of our reports include detailed descriptions and photographs of each item along with the retail replacement value. It is always important to have items appraised for insurance coverage reasons, as they provide our clients with a comprehensive record of their possessions and help protect investments in the case of an accident or natural disaster. We also provide insurance claim reports in the instance that damage has already occurred to a client's personal property. This involves our appraisers assessing the damage and determining whether or not it can be restored, or finding the RRV for that item. As all of our reports are written according to USPAP standards, they are accepted by all insurance companies and stand up in a court of law.

Estate Appraisal Reports

Estate Appraisal Reports are needed when our clients are planning for the distribution of assets amongst beneficiaries. In this situation, we use the Fair Market Value (FMV) that represents the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell. These appraisals are usually commissioned by estate attorneys or executors of estates in order to establish the value of personal property for estate taxes. As with all of our reports, they stand up in a court of law.

Divorce & Equitable
Distribution Reports

When items of personal property must be divided between two or more parties, an appraisal report is often necessary to establish the value of the items so they can be divided between parties fairly and equally. The report can be used either in mediation or in a court of law. 

bottom of page