Updating your home inventory is a vital part of your home insurance coverage.
You have spent years filling up your house with your personal possessions. From family heirlooms in your jewelry box to your cabinets full of kitchen tools, you probably have thousands of dollars’ worth of assets. But could you write down every single item that you own?
Chances are, you can’t. While that may not seem like a big deal, it is if your house is completely destroyed by a fire or other disaster. After a total loss, you will have to prove to your insurance company exactly what was damaged or destroyed, which can be difficult, or even impossible if you don’t remember what is in your home.
The best way to keep your personal assets covered is to create a thorough home inventory. Go room to room in your house and document each and every item that you see. Using a video camera will make the process much easier, just make sure you explain what each item is, its value, and show any serial numbers if applicable. You can also take pictures of all of your personal possessions. Uploading the video or pictures to a cloud drive, such as Google Drive or iCloud, will make sure that you are able to access the information if your written inventory is destroyed.
No matter which method you use, the more information you are able to provide about each item, the better. Include all receipts or appraisals of items that you have. If you cannot provide your insurance company with proof of value for items, you could be left searching for boxes and receipts and you may not receive the proper payout.
After making your home inventory, talk with our insurance agent to ensure it matches with the limits of your homeowners insurance policy. For all of your home insurance needs, contact the insurance professionals at Lou Aggetta Insurance Services in Pleasant Hill, California.