Preparing and conducting a proper home inventory is an incredibly important aspect that goes with a home insurance policy and you should know how to make one.
If you ever have to file a homeowners insurance claim, you’ll have to submit a list of items that were lost, damaged, or stolen—and you may even have to prove that you owned these items prior to the incident, especially if they were stolen or destroyed beyond all recognition. Having a list ready will ease this difficult process and get your insurance claim settled faster. Here are a few tips you can use when you are compiling your home inventory to make the claim process faster and easier.
- One step at a time. Make the mammoth of a task the size of something manageable. The best way to do this is by taking things one step at a time, or one room at a time. Heads up: the process may be tiring, so go at a pace that works for you. And remember, an inventory of just one room is better than no inventory.
- Pay attention to your highly valued items. When it comes to things like your big-ticket items, it’s important to record their serial numbers and how much you paid to acquire these items. You should also check your policy for its limit; the amount of money that your insurance company will cover you. Some of your items may exceed this limit.
- Photograph your items. Visually capturing your possessions is the best way to prove to your insurance company that you actually owned the things you claimed you owned.
Having the right inventory is important to protect all of your possessions. For help acquiring the right homeowners insurance, contact the independent insurance professionals at Risk Management LLC in Brookfield, Wisconsin.
