Okay, we get it. Taking a home inventory is hardly an exciting method to spend a weekend. Walking around, writing things down on a clipboard-yeah, maybe not the most fun thing to do on a Saturday. But it is extremely important when it comes to your insurance. A home inventory is actually a list of all of the items in your home. No one wants or asks for his or her home to be destroyed, but if the unthinkable happens and a fire or burglary strikes your house, you'll be better off should you have a detailed list of everything you own.
What difference does a house inventory make?
Your home insurance policy is there to protect you, but it can't do its job unless it knows what you need protection from-in other words, what would need to be replaced if a catastrophe happened? If anything was stolen or destroyed, your inventory can help you know exactly what was lost and that which you need your insurance company to reimburse you for or replace.
Why is an inventory vital that you my insurance?
There are a few reasons that the inventory will help you when it comes to your insurance coverage.
First of all, through an inventory will help you know should you have sufficient coverage for your home. Are there expensive items that you've forgotten about and haven't insured? When's the last time you've gotten some of your valuables appraised? Prices for expensive items like jewelry, furs, and art change over time, so it's important that your insurance corresponds with the current prices. It's a good method to evaluate if you want to add insurance for all those things.
What do I do with it when I'm done?
The best thing to do is store your inventory inside a safe place beyond your home. A safe deposit box at the bank would do the trick. If it's in the home when the home is destroyed-well, the thing is where we're going.
It's also essential that you keep this inventory up-to-date. You will want to ensure that you add any new purchases to it, and that you revise it periodically.
There really are a large amount of things that you might be doing with your spare time. Taking a listing probably isn't on the top of the “super fun things to do” list, but it is extremely important in helping you prepare for the future. If something were to happen to your home, having that inventory would be one less thing for you to definitely be worried about and it might make things much less stressful for you.
We'd love to talk to you about what coverages you'll need for your home and to answer any questions you might have about taking your inventory. Call us or fill out this form to obtain in touch today-we could possibly get you a free quote on your home insurance.