In order to designate specific coverage for objects and collections, insurance companies may require a professional appraisal report to substantiate valuation within a specific market context.  In cases of theft, a formal record of value is paramount in creating a successful claim from which a client can receive a fair reimbursement.   In cases of damage or loss, an appraisal can provide clients with a calculation of the cost of restoration and any resulting loss in prior value due to damage.  A qualified appraisal provides accurate, current replacement values that can help clients protect their investments.