You are relaxed now. You have bought a nice home for your family and have moved. You picked up a home owners insurance policy and feel more at ease. You’re making a life for yourself. Then it happens. Your home is robbed and they take everything away or, there is a fire and you lose most of your things. Your home insurance will help you, but you have to help it by providing a home inventory which your home owners insurance should require you to do . But what should it look like? What do you put on it? Now you have the answer!
1. Make a note of everything when you bought it. Write the model and makes of the items. The contracts of purchase should also be listed if they are available.
2. If you’re a new home owner this process is easier so don’t get overwhelmed. The receipts should always be put In safe when new things are bought for insurance companies to see.
3. Valuable items like jewelry, collectibles and art are variable worth. Meaning the overall worth of the items changes. Depending on your insurance you may not have enough to cover these pieces and as such you may have to insure them separately as home owners insurance may not cover those items.
4. Use a video recorder and walk through your home. Give a tour. Describe the items. By having such evidence, every company will pay without having questions or doubts.
5. Use a computer and file away all the items. Scan your receipts and pictures online somewhere as there is a possibility that the safe you bought is not fire proof and you do not end up loosing everything.
6. Take a copy to your office. Use your filing cabinet in your office to maintain another copy just in case.
7. Store you finished list in a fire proof safe. Keep copies at your office, a family or friends place or online. Protect yourself completely and you will live a tension free life without the worry that the insurance companies would cancel or deny your claims.
8. It might look like a hassle but in the long run, if something bad happens, insurance companies save a lot of money.