Tips for Calculating the Value of Your Household Items

If you ever find yourself in a situation where you would need the service of a Miami public adjuster, it is important that you’re organized when it comes to the property in your home that is covered by your insurance policy. When you have household item insurance, you can claim on electronics and personal items, depending on your policy. However, you will need to have a fairly accurate record of the value of your items, including purchase receipts or any other evidence relating to the ownership or value of the items.

Beginning the Process

When you’re just getting started, it helps to take inventory of your possessions, and make a rough calculation of the value of everything in your home. To do this, you can follow a few simple steps.

The first thing you’re going to need to do is to make a complete list of all the items that you wish to value. Keep in mind that small ticket value items don’t need valuations, so you’re going to be focusing more on things that have a high value, such as electronics, antique goods, expensive furniture, collectibles, and other items.

If you have older items, you can use market valuation to estimate a replacement value. You could use online auction sites to find the average market value of these items, or you could call an expert to get a fairly accurate valuation. As an example, an antique grandfather clock would require an appraisal from an expert antique dealer. Keep in mind that the values at this time are more for your reference, and when you use Miami public adjusters for an insurance claim, a new valuation will be made.

Specialty items such as jewelry, expensive designer clothing, and valuable collectibles, will all need professional appraisals to find the true value. It’s important that you keep your expectations in check. You may have older antiques that have significant sentimental value, but they may not be overly valuable in terms of a dollar amount. Professionals will look not only at the individual items but also the condition that they are in. If you have particularly rare antiques or collectibles, then you may need to have these covered under a special insurance policy. Talk to your insurance provider about any questions you might have, and you can even ask Miami public insurance adjusters for recommendations on local appraisers for specialist items.

Know Your Policy Limits

The reason why it is so important to take stock of your valuable items is because some insurance policies will have a coverage limit on individual items when you make an insurance claim. If you fail to check the fine print of your policy, then you could find that even with the help of Miami public adjusters, you simply won’t be able to get coverage for your expensive items.

If you do have a limitation on individual items, then call your insurance provider and find out what you’ll need to do to adjust your policy to cover the additional items. Your insurance company may want to send somebody to your home to perform a valuation in this case.

If you ensure that you are covered for all of the items in your home, then you’re going to have less trouble whenever you need to make an insurance claim.

Get Expert Assistance for Any Claim

In the unfortunate event that your household items are damaged or stolen, you’re going to need someone on your side when it comes to making a claim. The best way to do things is to go through a trusted team of Miami public adjusters.

Talk to United Claims Specialists for services in Miami-Dade, Palm Beach, Okeechobee, Broward, Hillsboro, and nearby areas. We provide a public adjuster’s service that works for you, and we can help to ensure that you get a fair deal out of any policy claim.

Call today, or contact us online to open a claim.