![]() A well-organized home inventory can be an extremely useful tool in this process. Michael Barry, vice president of media relations at the Insurance Information Institutethe industry-financed consumer education organizationrecommends making an inventory of everything in your home. Should you become the unfortunate victim of home fire or robbery, a home inventory list will help expedite the claims process and more accurately verify losses. Substantiate financial losses for tax purposes or when applying for financial assistance. Following a catastrophe, the only way to determine whether you qualify for a tax break or disaster assistance is to substantiate your financial losses. In case something does, though, it’s helpful to have a documented list prepared for your homeowners or renters insurance.Having your belongings already documented in your home inventory can be a huge relief at times like these. Disasters are scary and stressful, which can make trying to list damaged property for a claims form even more challenging. Make filing a claim as simple as possible. Most people cannot remember what they had for breakfast much less recall the contents of their attic, kitchen cabinets or downstairs closet after a fire, storm or other catastrophe.After all, if you don’t know what you have, how can you insure it adequately? To put together a home inventory yourself, follow these simple steps: For individual items, list quantity, maker, artist and value, if known. Having an accurate list of all your possessions helps you to have a more productive conversation with your insurance professional when making decisions about homeowners or renters insurance coverage. Help you purchase the right amount and type of insurance.No matter how you choose to do it, the important thing is to take action. Or you can take advantage of technology and use a digital camera or smart phone or app to make your record. Close your eyes and try to think of everything you own, each items value, and when you purchased it. ![]() You can create a home inventory in a simple, low-tech manner by writing down everything in a notebook and keeping receipts in a folder. Do You Have the Right Homeowners Insurance Coverage. Creating and updating an inventory of your personal possessions is one of the best ways to make the most of your homeowners or renters insurance, and makes filing a claim easier and more efficient.Ī home inventory is simply a list of your personal possessions along with their estimated financial value.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |