A typical household is composed of several things from the different parts of the house. The kitchen itself has a gas stove, a microwave oven perhaps, and many more. Let us take a look at the living room: you might have that widescreen television set, a stereo component, furniture, fixtures, etc. But the question answered by https://homeownersinsurancecover.net/ experts is, how can you guarantee that all these things can be saved if unforeseen events occur?
As a homeowner, it’s your responsibility to create and provide a checklist of all the assets in the house. For that, a home inventory checklist is necessary as a guide to all your assets and as concrete evidence that you can submit to your home insurance provider if a natural or manmade disaster occurs.
Home Insurance & Home Inventory
A home inventory is your list of personal belongings such as shoes, mp3 players, appliances, furniture, to name a few. This will serve as substantial evidence for claiming your home insurance in case of damages caused either by manmade or natural disasters. The easiest way to start your inventory is to use a video camera in which you can capture and describe your possessions one by one as you walk through your entire house.
Home insurance or homeowner’s insurance is a policy that provides financial protection for your home and personal belongings. It is a policy that can help you pay your repairs or replacements of your home and belongings if they are damaged by unforeseen occurrences.
The insurance cost depends on the coverages you select, features of your home, and the value of your possessed items. An insurance agent can help you choose the coverages appropriate for you and your assets.
Steps in Creating Your Home Inventory Checklist
- Use a camera in recording your valued items. Take ample shots of your belongings, videos, notes, and receipts to enlist all the items available with no items being left out.
- Record your belongings using an app. There are various mobile applications that you can use in recording your possessions. These apps contain several features, and it is up to you which one is more convenient to use. You can upload the photos or videos you have from step 1 into the app. The data you stored can be exported to a PDF, spreadsheet, or any preferred format.
- Make sure to include all the details. Since your home inventory checklist will be used in the future claims of your home insurance, see to it that you have not missed out on any detail of your belongings. Important data like the cost of the items, brand names, models, descriptions, and serial numbers must be present. You may also make copies of your receipts and attach these to your checklist.
- Seek professional help for appraisal. Precious belongings such as jewelry, heirlooms, unique collectibles, paintings, sculptures, and the like are separately insured. They should be professionally appraised for the authenticity of the items and to insure the proof of worth of these items in the event of a loss.
- Update your list frequently. Revisit your list regularly for any updates at least annually.
- Store your checklist securely. It is best to secure safely your checklist in a safety deposit box or if your checklist is an electronic online, then opt to use cloud-based services.
It is always best to be prepared than sorry. Having this fundamental list and home insurance can provide your home living with a safe and secure future.