Why create a home inventory checklist?
GDI is offering a free home inventory checklist. Just give us a call and we will email you a copy, or drop one in the mail. Here is a quick overview of why you need one. Keep in mind the reason insurance companies don't require you to fill one out is they only have to pay you for what you can remember you had. A bit like being the house in Las Vegas, they bet that you wont remember everything, and they can then pay you less! Lets not let them win!
Also remember to keep a copy at someone elses house, or a safe deposit box, or have us scan it in and attach it to your account at our office.
Though your homeowners insurance policy provides the protection that you need in the event of a loss such as a fire or burglary, your policy can only pay for items that you can document. In order to assure that all your prize possessions will be replaced, you should conduct a home inventory so you have a finite record of everything that you own. This inventory will assist you in determining which items were destroyed or stolen.
How should you conduct a home inventory?
To complete a full home inventory, walk through every room in your home and identify all of the contents. It is also wise to take photographs or make a video of all of your possessions, and keep this media documentation with your list. Then, place all of this information into a fire-proof safe or safety deposit box at your bank.
Periodically, update this list as you purchase more items for your home.
How does a home inventory list relate to my insurance policy?
Not only can a household inventory checklist assist you in the event of a loss, it can also help you determine whether you have enough insurance coverage. Your coverage should equal the cost of your possessions at today’s prices. Items such as jewelry, furs and fine art should be appraised on a regular basis to ensure that you have enough insurance to cover their high-priced value.
Once you have completed your home inventory walk-thru, contact GDI Insurance Agency, Inc. for more assistance with your insurance needs.