What Does a Written Appraisal Include? 1. Detailed Description – Information on the item’s materials, age, origin, condition, and provenance. 2. Valuation Type – Specifies whether it’s for fair market value, insurance replacement, estate settlement, or another purpose. 3. Comparable Sales Data – References past sales of similar items to justify the valuation. 4. Appraiser’s Credentials – Ensures credibility by including the appraiser’s qualifications and certification details. 5. Legal & Ethical Compliance – Adheres to industry standards such as USPAP (Uniform Standards of Professional Appraisal Practice). When Are Written Appraisals Needed? Insurance Coverage – To establish replacement value in case of loss or damage. Estate & Probate – To determine asset value for inheritance distribution. Charitable Donations – Required by tax authorities for high-value donations. Divorce & Legal Disputes – Ensures fair division of property. Sales & Investments – Helps buyers and sellers make informed decisions. A written appraisal is a crucial document that adds credibility, accuracy, and legal standing to the valuation process.