An insurance appraisal is an evaluation that determines the value of specific property, often necessary for high-value items such as art, jewelry, or antiques. This appraisal is essential to ensure that you have sufficient coverage and receive appropriate compensation in the event of a loss. By accurately assessing the value of these items, an insurance appraisal helps guarantee that your insurance coverage aligns with the true worth of your valuable possessions, providing you with the financial protection you need.