Sorry for the corny title but I had to get some hits on this one! A Home Inventory Checklist is one of the easiest ways to save you a TON of time and money if you have a homeowners or renters claim. Here are three questions and answers to why any property owner should create and periodically update their home inventory check list.
Why create a home inventory checklist?
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 and scheduled onto your policy to ensure that you have enough insurance to cover their high-priced value.
For the remainder of 2010 if you call for a homeowners quote and mention this Blog, I will give you a complamentary home inventory check list!
Please do not wait for a claim to find out your not covered! Call me right now for your Home Inventory Check List.
Thanks for reading!
GDI Insurance Agency, Inc.