Insurance Appraisals for your Valued Belongings


Do you have personal items that are high in value? If so, you may need to consider getting a personal property appraisal. First ask your insurance agent what items are covered under your homeowners insurance in Valatie, NY. He or she may ask you to get an appraisal so that they can designate or “schedule” specific coverage for it on your policy, regardless of any coverage limits your policy imposes. To help, we’ve rounded up some tips for getting a personal property appraisal.


Collect all the information you can about the item. When was the item given to you or when did you buy it? Was it used or new at the time? What condition is it in? Who is the manufacturer? All of these details and more could aid a professional appraiser in creating a more accurate insurance appraisal report on the item or collection of items.


Select your appraiser carefully. Although you can get an appraisal online just by submitting information and photos, you may want someone who will examine the item personally. Before selecting your appraiser, check out their online reviews, qualifications, specialities, and rates. Be sure you let them know that you’re looking for an insurance appraisal so that he/she can calculate the cost of replacing the item.


Get a copy of the insurance appraisal report. Your completed appraisal report should include a detailed description of the item, its value, how the value was determined, and the appraiser’s name. Share the report with your insurance agent. Your carrier may require a copy of it, too.


Keep in mind that the value of the item may change in the coming years. You will likely want it to be appraised again, possible as soon as 2 to 5 years after the initial appraisal. When you’re looking for homeowners insurance that suits your property and belongings, contact your insurance professionals at Kneller Agency. Our dedicated experts are ready to assist you with all your home insurance needs.


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