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Yes it's done by an expert to set value of something. Insurance is protection from loss. Insurance companies will do appraisals on jewelry and uncommon items unless one has already been done by a source they accept.

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13y ago

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How can I request a home appraisal to eliminate private mortgage insurance (PMI)?

To eliminate private mortgage insurance (PMI), you can request a home appraisal to show that the value of your home has increased enough to meet the lender's requirements for PMI removal. Contact your lender to request the appraisal and follow their specific guidelines for the process.


Can a high appraisal value on my home potentially eliminate the need for private mortgage insurance (PMI)?

Yes, a high appraisal value on your home can potentially eliminate the need for private mortgage insurance (PMI) if your equity in the home is at least 20 of the appraised value.


Can an appraisal result in the removal of PMI?

Yes, an appraisal can result in the removal of Private Mortgage Insurance (PMI) if the value of the property has increased enough to meet the lender's requirements for PMI removal.


Can you get an appraisal to remove PMI from your mortgage?

Yes, you can get an appraisal to remove Private Mortgage Insurance (PMI) from your mortgage if your home's value has increased enough to meet the lender's requirements for PMI removal.


How can I get mortgage insurance removed from my loan?

To remove mortgage insurance from your loan, you typically need to reach a certain level of equity in your home, usually around 20. Once you believe you have reached this threshold, you can contact your lender to request an appraisal to confirm the value of your home. If the appraisal shows that your equity is at or above 20, you can then request to have the mortgage insurance removed from your loan.

Related Questions

What are different types of appraisal methods?

self appraisal one-to-one appraisal team based appraisal 180 and 360 degree appraisal third party appraisal


Annual performance appraisal questions and answers of Insurance Industry?

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How much should a 1946 World Series Championship ring be insured for?

With a piece like that you are going to need an appraisal, especially if you are planning on insurance it. The insurance company will most likely want a copy of the appraisal as well.


You lost your diamond engagement ring It was never added to your homeowners insurance but you have a certified appraisal from about 12 years ago Is your ring covered?

On insurance policies there is a section for 'contents' which should include your ring and you would have to send the receipt of the appraisal of your ring in when making a claim with your insurance company.


How can I request a home appraisal to eliminate private mortgage insurance (PMI)?

To eliminate private mortgage insurance (PMI), you can request a home appraisal to show that the value of your home has increased enough to meet the lender's requirements for PMI removal. Contact your lender to request the appraisal and follow their specific guidelines for the process.


What are the reasons one should get a jewelry appraisal done?

There are a few reasons why you should get a jewelry appraisal done, the biggest being for insurance purposes, the second to know exactly what you have, or third if you want to sell you have the proof of appraisal.


What are the different kinds of health appraisal?

algetor


Can a high appraisal value on my home potentially eliminate the need for private mortgage insurance (PMI)?

Yes, a high appraisal value on your home can potentially eliminate the need for private mortgage insurance (PMI) if your equity in the home is at least 20 of the appraised value.


Can an appraisal result in the removal of PMI?

Yes, an appraisal can result in the removal of Private Mortgage Insurance (PMI) if the value of the property has increased enough to meet the lender's requirements for PMI removal.


Can you get an appraisal to remove PMI from your mortgage?

Yes, you can get an appraisal to remove Private Mortgage Insurance (PMI) from your mortgage if your home's value has increased enough to meet the lender's requirements for PMI removal.


How can I get mortgage insurance removed from my loan?

To remove mortgage insurance from your loan, you typically need to reach a certain level of equity in your home, usually around 20. Once you believe you have reached this threshold, you can contact your lender to request an appraisal to confirm the value of your home. If the appraisal shows that your equity is at or above 20, you can then request to have the mortgage insurance removed from your loan.


How would I find out if my seta diamond is real?

A jeweler can tell you whether or not you have a real diamond. If it is real, a gemologist can give you an appraisal -- the jeweler can possibly give you an appraisal for use with insurance, not market value. Expect to pay for any appraisal you require.