It depends. For many insurers, current appraisals will be required to add items under scheduled coverages. However, some insurers specialize in the more affluent markets, and are comfortable with insuring items without appraisals unless the insured amount reaches a larger amount. With these markets, sometimes appraisals are not required unless the individual item exceeds $50,000 or $100,000. Appraisals, especially when required for multiple items, can end up costing a significant amount of money, especially if an insurer requires them to be updated every five years.