A home inventory is only useful if it’s accurate. That means you will need to do some periodic checkups to ensure you are getting the most out of your insurance claim should disaster strike. Here we will provide some tips and reminders to keep your home inventory on track.
ADD NEW ITEMS:
- Anytime you add significant items to your home or make renovations, these items and materials should be added to your home inventory. You can decide how to do this, whether immediately, or periodically. Most would suggest adding items right away while details are fresh in your mind. Having an organized system in place will save a lot of time and hassle.
- Remember to add new pictures or video as needed for further documentation. Save any new sales receipts, purchase contracts, or updated appraisals.
- You want your documents to be kept safe and accessible should you need them. Your inventory should be stored digitally, in a fire-proof safe, or outside the home.
- If using an app for storage, be sure you are familiar with how to access your data and that your information is being backed up by the app developer.
- In the case of emergency, where you may be unable to collect your inventory, be sure close family or friends know where to access your information.
- Home inventories not only help you keep track of your possessions, but they should also be used to assess what type of insurance coverage you need. When acquiring new items, or making home improvements with new materials, it is important to contact your insurance agent to make sure you have proper coverage for these changes. This should be done at least once a year.
- Keep track of new items and be sure to add them to your inventory. It also helps to delete old items that may no longer be relevant.
Now is the time to get organized when it comes to your homeowner’s insurance needs. Know your policy and what is covered. Take the time to create a home inventory and keep it updated. Talk to your insurance agent to be sure you have the coverage you need to properly insure your home and all your belongings.
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