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Home Insurance Tips
Inventory of Personal Property
Ever
wonder how much you have in personal property? Cut the roof off your house and
garage, turn it upside down and whatever spills out are your personal
belongings.
Imagine
a candle is left on and catches the drapes or couch on fire. Now your house is
destroyed and belongings are in ashes or completely damaged by smoke damage.
The next task is a daunting one-- the claims adjuster asks
for an inventory of all of the items that were destroyed.
For
those that have found themselves in this situation it is a daunting task in a
time of upset. Prepare in advance. A Free Home Inventory Program provided by
the Institute Insurance Industry is
available for your use.
Store your digital photos directly into the program with
room to document any information needed.
Download the free program to your computer and begin your
inventory today.
SOME OTHER HOME INVENTORY TIPS
- Take a video and pan each room-- Remember the draws and
cupboards
- Take digital or regular film pictures of the “valuable items”
- For example: Jewelry, Fine Arts, Collections, Musical
Instruments, Firearms, Tools, etc.
- Keep receipts of large purchases
- Store all documentation away from the premises, a safety deposit
box is best.
- IMPORTANT: When you are all done…..Call your insurance agent to
verify if you have the proper coverage on your policy.
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Have you improved your property? Call your agent today.
- Built new additions & increased your square footage?
- Built your dream shop or outbuildings?
- Major remodeling and upgrade of the dwelling?
Review your coverage
- How much coverage would it take to rebuild my dwelling in the
event of a total loss?
- Call your agent and have them work up a cost estimator to figure
how much it would be to rebuild your home.
- Special Limits on Personal Property
- Certain categories apply to personal property particularly with
burglary, vandalism, and mysterious disappearance. Ask your agent about an
Inland Marine policy to schedule these items.
- Already have scheduled items? Make sure the coverage is current
- Review your liability coverage-- settlements are increasing each
year
- Rule of thumb- Carry enough liability based on your total
networth and assets. Figure the amount of your house, investments, belongings,
vehicles, future earnings etc. This is the minimum coverage of liability you
should carry. This is what can be taken away from you in a catastrophic event.
- Other coverage is available
- Earthquake, Flood, Home Business, Broader coverage
It is literally a phone call a away. It is our goal to
provide the coverage available to better protect your assets. And you walk way
with the peace of mind knowing that your investments are properly insured.
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