Benefits of creating a home inventory checklist?
Though your homeowners insurance policy provides the protection you are needing in an event of a loss such as a fire or burglary. A policy can only pay for items that you have documented. In order to assure that all your prize possessions will be replaced, by conducting a home inventory so you have a finite record of everything that you own. This inventory will assist you in determining which items were destroyed or stolen.
Conducting your home inventory!
For completion for a full home inventory; walk through every room in your home and identify all of the possessions. It is also wise to take photographs or make a video of all of your belongings, and keep this media documentation with your list. Once everything is documented place all of the information into a fireproof safe or safety deposit box at your bank.
Periodically, update this list as you purchase more items for your home.
Why this list will relate to my insurance policy?
Not only can a household inventory checklist assist you in the event of a loss, but by having it will also help determine whether you have enough insurance coverage. Your coverage should equal the cost of your possessions at today’s prices. Items such as jewelry, furs and fine art should be appraised on a regular basis to ensure that you have enough insurance to cover their high-priced value.
Once you have completed your home inventory walk-thru, contact Ferranti-Graybeal Insurance for more assistance with your insurance needs.