Charitable Appraisal
Charitable appraisal was conducted at clients home in Governors Club. The fair market value of the property is sixty-five thousand nine hundred sixty-eight dollars ($65 ,968).
There are no condition issues and appear to be newly manufactured. The new like condition of the rugs is due to the high-quality material that is used during the creation of them. The rugs are custom made in Nepal with Tibetan wool from Himalayan sheep. This wool is considered high quality due to its texture, strength, luster and stain-resistant properties. The dyes used are Swiss Ceiba and some of the rugs include silk, hemp, aloe, nettle, cactus nylon, cashmere and mohair fibers. Each rug is listed in the addendum of this report. The clients personal property will be donated to Chatham Habitat for Humanity located at 425 West Street, Pittsboro, NC.
Insurance Appraisal Litigation Matter
A hot water pipe burst in client’s home dumping 19,000 gallons of water, resulting in personal property loss and damage throughout the house. Although the water loss occurred in the sunroom ceiling, the HVAC system circulated moisture throughout the house causing damage to both the structure and personal property.
This claim involves antiques, art, hand-painted wall paper, a Baldwin piano, rugs, clocks, mirrors, chandeliers, table lamps, upholstered furniture, draperies with complete curtain components, damaged by direct and indirect exposure to excessive water. The total cost value excluding is five hundred and fourteen thousand, three hundred and eighty-nine dollars ($514,389) and is effective June 7, 2022.
Equitable & Insurance Replacement Assignment
Description: Herend Rothschild Fine China Collection / Set
Date: May 12, 2023
Fair Market Value: $5,000.00
Insurance Replacement Value: $10,000.00
Comments:
Herend Rothschild Bird Hand Painted China Service for 12 (5-piece place settings) marked on reverse with the following E 1164. They measure as follows: 12 dinner plates 10 3/8″, 12 salad plates 7 3/8″, 12 bread and butter plates 6 1/8”, 12 demitasse coffee cups 2” with saucers. The collection includes one oval soup tureen and one platter. They are signed with the Herend Hungary mark, RO & Pattern Number. They are in excellent condition with no chips, cracks or crazing.
