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FAQ

What is meant by appraisal?

An appraisal is a technical and professional document, prepared by a qualified expert in a given subject matter, for the purpose of accurately assessing and describing one or more aspects of a given object, event, or situation.

The appraisal is often requested in judicial or legal contexts, but it can also be requested for technical, administrative, or insurance purposes. It is an important document, as it represents a thorough and detailed analysis of a specific issue, providing technical information and objective data on a given subject.

Among the elements that an appraisal may include are a description of the subject matter of the appraisal, analysis of available data and information, assessment of any damage or defects, identification of the causes of problems, and definition of possible solutions or corrective action.

What are the different types of appraisals?

An appraisal, intended as a technical analysis of a specific situation, can be prepared and signed by a professional who is licensed in registers or rolls, such as courts, CCIAAs, and specific professional registers. This type of appraisal is called a "simple appraisal," and represents a technical evaluation of a specific object or situation, without the addition of an affidavit or sworn statement.

However, there are other types of appraisals, such as "sworn appraisal." In this case, the licensed professional, usually a registered professional engineer, signs the appraisal confirming the accuracy of its contents "under his own personal responsibility." In addition, through a special statement in the appraisal itself, the professional attests to the truthfulness of the appraisal, assuming liability for any ideological or material falsehoods contained within it.

Finally, there is the "sworn appraisal" or "sworn affidavit", which involves not only the signature of the professional attesting the truthfulness of the content, but also includes an affidavit. This is sworn by the appraiser himself before the Clerk of a Judicial Office or a notary public, identified with personal id, pursuant to Article 5 of Royal Decree No. 1366/22 and 1, paragraph 1, item No. 4, of Royal Decree No. 1666/37. In this case, the professional swears that he has well and faithfully performed the task entrusted to him, for the sole purpose of making the truth known.

In brief, the different types of appraisals are characterized by the level of responsibility assumed by the licensed professional and the presence or absence of an affidavit or sworn statement, depending on the importance and complexity of the case in question.

Who can certify a sworn appraisal?

Receiving the sworn affidavit is a power that belongs to all Clerks of Justice Offices, regardless of their geographical location. This means that Clerks of the Giudice di Pace also have the same power as other colleagues, without any difference in territorial jurisdiction.

How to certify an appraisal?

To authenticate an appraisal, the licensed professional, usually a registered professional technician, must sign the appraisal confirming the certainty of its contents "under his or her own personal responsibility" and attesting, by a special statement in the appraisal itself, to its truthfulness. In this way, the professional assumes criminal liability for any ideological or material falsehoods contained in the appraisal.

An appraiser who wants to obtain sworn validation of his or her appraisal must appear before a Clerk (either of the Giudice di Pace or of a Notary Public) with identification and with the appraisal sheets including any attachments, joined by stapling, binding, or other means. The sheets of the appraisal must be stamped and signed by the appraiser, including the joints of the sheets, and must bear the date on which the document was prepared. In addition, the final page of the appraisal, before the attachments, must be an Affidavit, which the appraiser shall sign after declaring that they have fulfilled his or her duty accurately and truthfully.

How much does it cost to certify an appraisal?

In addition to the specific fee charged by the professional for the preparation of the appraisal, the swearing-in procedure also requires additional tax expenses. In fact, in order for the appraisal to be sworn, a €14.62 revenue stamp must be affixed for every four pages. It is important to note that each page cannot contain more than 25 lines and 50 keystrokes per line. In other words, for every 100 lines of text, including the Sworn Affidavit, a new revenue stamp must be affixed.

Also, an additional €0.52 revenue stamp is required for each attachment in the appraisal, such as drawings, photographs, lists, metric calculations, and calculations.

Therefore, in addition to the professional's fee, it is important to take these additional costs into consideration when evaluating the total costs of the sworn appraisal.

When is an appraisal recommended?

Requesting an appraisal can be considered a necessary step in various cases involving the classic car world and beyond. Here are some examples where an appraisal might be useful:

1. When purchasing or selling a vintage vehicle, an appraisal may be requested to accurately evaluate the true value of the vehicle, so as to avoid any inconvenience or misunderstanding between the parties.

2. Theft insurance policies with guaranteed vehicle value is another instance when an appraisal can be very helpful in determining the actual value of the car so that the insurance company can provide adequate coverage.

3. In the event of a claim, an appraisal can be critical in assessing the damage sustained by the vehicle and in claiming adequate compensation from insurance companies.

4. During a restoration, an appraisal may be required to certify the initial state of the car and verify any increase in value after the work has been done.

5. Prima della consegna a case d’asta, rivenditori o saloni espositivi, una perizia può essere richiesta per certificare lo stato d’uso del veicolo e garantire una maggiore trasparenza nella compravendita.

6. Historical documentation is an important aspect for many classic cars. An appraisal can be helpful in assessing the correct ownership and authenticity of any documents accompanying the car.

7. When vehicles are purchased by non-resident customers in Italy or vice versa, an appraisal may be requested to make an objective and accurate assessment of the vehicle.

8. In the case of disputes or court cases, an expert opinion may be requested as technical expertise by a party, counterpart, or ex officio to provide appropriate technical-legal support.

9. In situations such as illegal importation of vehicles involved in smuggling, judicial and bankruptcy auctions, or civil and criminal cases, an appraisal may be required to establish the actual value of the vehicle and provide an objective technical evaluation.

10. Finally, assessing the state of use and taking out a comprehensive insurance policy to lease vehicles to movie houses and the like are other instances where an appraisal may be useful.

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