Sellers often have an unrealistic expectation of CASH value when selling their older used fur coats or jackets.
What is very important to know, is that there is a big difference between an Insurance Appraisal and a Professional Furriers Appraisal.
Insurance Appraisal. This is a document made for a fur coat owner for insurance estimate only, of the total RETAIL REPLACEMENT COST. It covers the probable cost of a BRAND-NEW fur coat, that is similar or exactly like the one you currently own – i.e. what it would cost to replace your fur coat if it was stolen, lost or destroyed, with a brand-new fur coat of the same fur type, style, length, size and quality in today’s economy.
Professional Furriers Appraisal. If you are currently interested in selling your used fur coat, what you need to be truly aware of, is the actual CASH value of your used fur coat in today’s market, which is NOT what your Insurance Appraisal was even created for.
This procedure can only be performed by a Professional Furriers Appraisal.