Whether you’re shopping for a new homeowners insurance policy or making adjustments to the one you have, it’s crucial to fully understand everything it covers. Oftentimes, high-value items have special stipulations or require the additional purchase of scheduled personal property coverage.

According to the insurance specialists at Action Auto Insurance Agency in New London, CT, the best way to figure out which plan you need is to get a personal property appraisal. Here are three steps you should take to make sure your belongings are properly protected:

• Gather as Many Details About the Items as Possible: To make sure the report is as accurate as it can be, it’s best for you to gather as many details as possible about each item you’re having appraised. Note their condition, retail price, date purchased, estimated age, brand, and manufacturing company, as well as any other relevant information. This will also help the appraisal process run smoothly and significantly quicker.

• Hire the Right Appraiser: Once you’ve collected everything, it’s time to hire a professional appraiser. Check their qualifications first, and get referrals from previous clients. Many appraisers specialize in different areas, so you want to find one who is experienced in doing homeowners insurance appraisals. This is important because it can make a difference in whether or not your item’s replacement value is calculated correctly.
• Keep Thorough Documentation: After the written appraisal has been completed, it’s likely you will need to submit a copy to your home insurance provider. Look it over carefully to make sure it includes all of the information necessary to file a claim, should the need ever arise. You will want to keep this documentation in a safe and accessible place.

Having a personal property appraisal completed is the only way to make sure you recoup an adequate amount from your homeowners insurance if any of your valuable possessions get stolen or damaged. Keep in mind that these tips apply to those with renters insurance as well. Contact Action Auto Insurance Agency at (860) 444-7224, or fill out the form online to inquire about a free quote.