Have You Done A Home Inventory Lately?
You have property insurance, so you’re all set, right?
Well, there’s something else you can do to protect yourself from financial loss in the event of a break-in, a fire or another life-altering event.
If you want to save your future self some time, stress and money, consider completing a home inventory (it’ll be well worth the effort).
Ready to do this the right way? Start with these FAQs:
Who needs a home inventory?
If you have homeowners or renters insurance, home inventories are key. Whether you have lots of expensive possessions or just a few essentials, it’s important to document anything of value (and anything you’d need to replace if it was lost).
How exactly does it help?
In the event of a fire, break-in or other loss, insurance companies need to know which items were lost or damaged. Without a home inventory, it can be tough to remember and report this information. Essentially, the claims process will be much smoother if you have documented proof of ownership to share.
What’s the best way to do a home inventory?
Use your phone to take photos of the items you own. Create a folder or album with the name and estimated value of each item and store this information securely. You might also use one of the many home inventory apps currently available (search the app store to check out your options).
What happens next?
Once you complete a total home inventory, try to stay on top of any significant changes. If you buy something expensive, for example, document it accordingly by taking a photo of the item and the receipt and add it to your existing inventory folder.
Have questions about your policy or need help with anything? Reach out today.
