What information should a good appraisal report include?

A well written report clearly states who the client is, the purpose of the appraisal, the type of value used and the effective date of the value. It should describe each item in enough detail that someone else could identify it, including maker, materials, measurements, age and condition.

Photographs are standard for significant items. The report should also explain the approach used, such as comparable sales, and note any limiting conditions or assumptions, for example if an item was not removed from a frame or tested for metal content.

Finally, it should include the appraiser's signature, qualifications and a statement about independence. A one-page list with numbers and no explanation is not a substitute for a real report, and it may be rejected by an insurer or other reviewer.