Since 1984, the mitigation of losses has been the primary focus of Patrick B. King & Associates. The firm’s dedication to a proactive approach using our appraisal experience and technical expertise serves our clients well on any loss related issue. We offer services in appraisal of personal or commercial property, as well as, professional loss management. Our appraisals deal with every aspect of residential and commercial property contents. This encompasses antiques, decorative and fine arts, collectibles, rugs, textiles and furnishings, not to mention, appraisal of residential and commercial structures and equipment.
Comprehensive Valuation Research
Patrick B. King & Associates valuations are based on the most up-to-date data using comprehensive yet relevant research. Through investigation, examination, independent study and consultation with other suitable professionals when indicated, we are able to provide the most accurate valuation. We use several tools to do this including an extensive in-house library, subscription art reference databases and supplemental research with information from both private and public library collections.
An Investigative Approach
Damage analysis sets Patrick B. King & Associates apart from other appraisers and adjusters. In addition to our valuation expertise, we have the necessary equipment, experience and consultants to conduct scientific tests to determine cause, origin and extent of losses. We can determine the difference between pre-existing damage or incident related problems and the effects of use and age in a wide range of valuables, fine art property and structures.
Loss in Value / Diminished Value
Exactly what is loss in value, and how do you calculate it? The confusion surrounding the loss in value concept is plentiful. The best and most important way to understand how loss in value works in fine art or antique property appraisals is to know what the concept “is” and what it “is not”. To put it simply, loss in value is the reduction of worth resulting from damage and any subsequent restoration. Loss in value is NOT the difference in worth between a damaged, un-restored object and a similar property in perfect condition.
The staff at Patrick B. King & Associates is a multi-faceted group, drawing from disciplines as varied as appraisal, science, engineering, fine art, cost-estimating, restoration and conservation. This enables us to keep current with recent developments in various valuation categories, while allowing us to understand the scope of what can be achieved through the use of these disciplines.
OUR MISSION STATEMENT
Patrick B. King and Associates will do our utmost to mitigate your claim. We will use our depth of staff, scientific know-how, equipment, and real world experience in supporting the carrier or the insured. We will approach every client and claim as unique with individual needs. We will process the evidence of each assignment objectively and without prejudice. Our goal is to assemble and analyze all the facts in order to find the truth. Using the clues and evidence at hand, Patrick B. King & Associates will strive to complete each claim to our client's satisfaction in the most timely manner possible.