Why taking a home inventory is important.
Homeowners, can you list everything you own from memory? While most people will remember their computers, TV, and brand new blender, what about the holiday china in the garage? Or every pair of jeans? All of this is regarded as personal property for insurance purposes. If your home is destroyed by a listed peril, such as a fire or another disaster, having a list of possessions makes filing a claim easier.
Why do I need a home inventory?
Simply put, could you recall everything you lost in a disaster? Most people cannot. That is why having a home inventory list is so important. It helps you to understand what was destroyed and tells the insurer the value of belongings lost. What’s more, comparing the value of your belongings to the contents limit listed in your policy helps you make sure you have enough insurance to replace them if they are lost, stolen or destroyed as a result of a covered loss.
How do I get started?
- Move room by room – it can be less overwhelming this way!
- Take pictures or videos of your belongings
- Capture serial numbers and identifying features
- Keep any and all receipts on purchases. Store them with any instruction booklets or warranties that accompany the items
- Store your inventory digitally but back it up on an additional drive
- When you make new purchases or sell items, be sure to add them to your inventory
Homeowners insurance is there for you after disasters. Ensure that you have the optimum coverage by visiting the professionals at Gee-Schussler Insurance Agency. Our team is here to help you protect your home in Orland Park, Illinois.
