ROMAYNE SHAY McMAHON , Proprietor of VERONIQUE'S ANTIQUES, has been offering Personal Property Appraisals for over 40 years.
Our clients are not only Home Owners and Apartment Dwellers – but also Attorneys, Trust Officers of Banks, County Recorders of Wills, Insurance Agencies , Estate Managers and other individuals.
APPRAISERS are essential and required for insurance purposes, donations, bank collateral contracts, divorce settlements and estate tax determination – along with division of personal property. Casualty Loss must also be considered.
We recognize and identify the true value of a diverse assortment of PERSONAL PROPERTY such as ANTIQUES and COLLECTIBLES - Household goods, musical instruments, fine art, jewelry, furs, etcetera.
PERSONAL PROPERTY requires an appraisal so that items are placed
onto a separate folder, which is then attached to your Homeowner's
insurance policy. The term 'FLOATER” means that the protection FLOATS
with the property, allowing the policy holder to collect if the property
is loast away from home.
|Keeping current with inflation and
fluctuations in the market place is advisable as certain items can jump
drastically in price from year to year.
A formal appraisal
consists of a detailed description of each article – that is; age,
measurements significant markings, condition and provenance – if known
and proven. This information will then protect your possessions once it
Surprisingly – there is no licensing or certification in this profession, so anyone can call themselves an appraiser.
CHOOSING AN APPRAISER
Get recommendations from your insurance broker, bankers, attorneys or friends who had appraisals done.
are prohibited by law from basing their fee on a percentage of the
appraisal value of your goods, for the obvious temptation to overvalue
items in order to increase their fee. This law went into effect with
the Tax Act Reform of 1986. As an Accountant, qualified to perform
appraisals to be used for charitable donations, she was schooled in this
Tax Reform in
Washington, D. C. at that time.