Personal Property Appraisals
The American Society of Appraisers defines personal property as “tangible, movable property that is utilitarian, collectible, decorative or a combination of the three.” An appraisal is the estimation of the value of property at any given point in time, past or present.
Polk Associates, LLC specializes in personal property appraisals including Aircraft, Automobiles, Machinery & Equipment, Motorcycles, Recreational Vehicles, and Residential Contents.
Appraisals are sought after for various purposes, sometimes they are required. Examples of these purposes include: Insurance Coverage, Insurance Disputes, Charitable Contributions, Estate Tax, Estate Distribution, Dissolution of Marriage, Acquisition or Disposition, and Bankruptcy.
All of our appraisals are written to USPAP (Uniform Standards of the Professional Appraisal Practice) standards.