Why make a Home Inventory?
A current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property.
Consider updating your home inventory each spring and advise your insurer of any major purchases.
Severe weather is on the rise across the country, making it more critical than ever to ensure that your property and contents are properly insured. With hurricanes,
flooding and sewer backup occurring more frequently, it’s crucial to be prepared for the unexpected.
If your home is damaged or destroyed, it’s important that it has been insured for its accurate replacement value.
A thorough inventory of your home’s contents and the associated value of the contents will help you and your insurance representative confirm adequate coverage.
If you need to make a claim, your home inventory will help you receive proper compensation.
An inventory of your possessions actually serves two purposes.
First, it helps you determine whether the amount of insurance on your current policy is sufficient to cover a total loss of your possessions in a fire or other disaster.
Second, it serves as the record you’ll need to make a claim. After the trauma of a disaster, there’s no way you’ll be able to remember everything you owned.
Conducting a home inventory can be a fun project for the entire family and it doesn’t have to be a huge burden on your time and energy. Here are some ideas you can use.