Hi Jim, Thank you for contacting Mearto with your appraisal inquiry. The values Mearto provides are fair-market, for auction purposes. We do not provide insurance appraisals. Based on the photos and information provided, and subject to examination, this is: A vintage Persian Caucasian hand-knotted wool small carpet made in Iran, early/mid 20th Century with an colorful allover palette, centering three interlocked cream-ground geometric diamonds on a hexagonal red-ground field, light blue spandrels (corners), within a compound border, cream selvedges. 52 inches by 70 inches (4 feet 2 inches by 5 feet 10 inches) CONDITION: with wear but appears to be in good condition with wear commensurate to age and use. Value assumes no stains, odors, tears or repairs. PROVENANCE: inherited $1,000-1,500* *represents a fair-market value for auction purposes; retail or asking price may vary. Please let us know if you have additional items to appraise, and thank you again for using Mearto.