10 May 2018
Suggestions for Getting a Personal Property Appraisal

Here are some tips to help you with your property appraisal.

If you need to file a claim for damaged property, how do you know how much your personal possessions are worth? This is why it’s important to get a personal property appraisal ahead of time. An appraisal is when an expert comes in and estimates the replacement value of your personal belongings. Interested in getting your personal property appraised, but not sure what you should do? Here are some tips to help you get a personal property appraisal for your insurance.

  • Collect Information

Before you schedule an appraisal, gather information about the personal belonging you are getting appraised. For instance, try to find out how much you paid for the item, when you got the item, the current condition of the item, and who manufactures the item. Having these details on hand will help your appraiser create an insurance appraisal report on the items you want checked out.

  • Select the Right Appraiser

When you get an appraisal, you have some options. You can get an appraisal online by simply submitting photos of the items, or you can actually have someone come in and examine your items personally. When you are looking for the right appraiser, make sure you do your research. Ask for recommendations, check online reviews, and request references. Before choosing an appraiser, it’s also important to check to see if your insurer has specific guidelines regarding how the appraisal process should be conducted. This will also help you choose the right appraiser to meet your needs.

  • Get a Copy of Your Appraisal Report

Finally, after the appraisal is completed, make sure you get a copy of the report. This report should include a detailed description of the item, the item’s value, how this value was determined, and the appraiser’s name. Once you have this report, share it with your insurer so you have written proof of your insured item’s worth.

Try out these suggestions to help you as you get a personal property appraisal.  Do you have more questions regarding personal property appraisals or about your homeowners insurance in general?  Don’t hesitate to contact the experts at Patterson & Associates in Richardson, Texas.  Our dedicated team is ready to assist you with all your coverage needs.