I would strongly suggest you read the New Museum Registration Methods
section on Risk Management, including the chapter on Insuranc by Sean
Tarpey.  This will give you a better idea of whether or not you SHOULD
undertake an object-by-object appraisal for your collection rather than
establish a probable maximum loss level of coverage and insure your
collection for fair market value at time of loss, rather than a
predetermined appraisal ("scheduled value") that will need to be updated on
a regular basis.

Janice Klein
Registrar, The Field Museum
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