Which is NOT a reason to require evidence of value?

• A. Make Clients Whole Post-Claim
• B. Protection from Fraud
• C. Collect the Correct Premium
• D. Determine Artwork Authenticity

Answer: (D)

Requiring evidence of value is about establishing a documented, market-supported amount for a work so that insurance coverage, claims, and pricing are accurate. This evidence helps in three ways: it ensures that if a loss occurs, the payout reflects the true value and makes clients whole; it guards against fraud by tying reported values to verifiable market data; and it helps set the correct premium so coverage matches risk.

Determining authenticity, while related to a work’s overall assessment, is a separate practice focused on whether the artwork is genuine. It can influence value, but the need to prove value for insurance and reporting purposes is not primarily about authentication itself. That’s why authenticity is not a primary reason to require evidence of value.