Have you thought about taking home inventory?
Your homeowners insurance provides coverage for the contents of your home, up to the limit you selected with your insurance agent. In the event of a covered loss, you would be expected to provide a home inventory list of all of your personal property that was damaged or stolen, along with its estimated value and age at the time of loss.
If an unexpected loss occurred today, would you be able to provide such a list? This would be a difficult task for many people. This is why we always recommend doing a walk through of your home and keeping a detailed list of the contents. Even taking a video of each room with your phone is a good way to catalog what you have. Having this list will also help you (and your insurance provider) determine what amount of personal property coverage you should carry and keep you prepared if an unexpected loss occurs.
Not sure where to start? We recommend using this Home Inventory document created by NYCM Insurance.
We suggest doing this annually as you may be under (or over) insured if you haven’t taken a home inventory lately. You may want to check it often to update your list whenever you purchase high value items or remove items you no longer have. It’s a great idea to file a copy with your insurance agent, give a copy to a trusted family member and save an electronic copy in your personal email so you can access it anywhere.
Remember, a home inventory doesn’t have to be perfect but it’s important to get started in taking the steps to protect your assets. Contact us today if you need help.