Your homeowners insurance policy is there to protect you from losses like fires and burglaries, but an often forgotten part of having this coverage is documenting your possessions. Insurance carriers are much more likely to reimburse you if you can show them a lost item’s value and condition. Plus, a completed home inventory can help you determine if you have enough insurance coverage.
Consider these tips when you’re conducting an inventory of your possessions:
- Walk through every room of your home and identify all of the contents.
- Document as many details as possible, even if they don’t seem important. This could include model numbers, serial numbers, descriptions and dates of purchase.
- Keep receipts for all of your large purchases so you can determine an item’s value and help with any necessary appraisals.
- Take photos or videos of your possessions to help determine exactly what’s been lost or damaged after an incident, and keep this documentation with your completed home inventory.
- Store your home inventory and all other relevant documents in a fireproof safe, and consider storing a copy in another secure place.
- Update your home inventory regularly to ensure it accounts for all of your possessions.
Get in touch with Evarts Tremaine to determine if you have enough coverage for your personal belongings
Disclaimer: This content is provided for informational purposes only. The information provided herein is not intended to be exhaustive, nor should it be construed as advice regarding coverage. Eligibility for coverage is not guaranteed and all coverages are limited to the terms and conditions contained in the applicable policy. © 2008, 2010, 2013, 2016 Zywave, Inc. All rights reserved.