In the wake of the disastrous results of the Camp Fire and our neighbors to the north experiencing the gut-wrenching losses of their homes and nearly all possessions, we found it important to share this tool. Taking inventory of the contents of your home can truly ease the stress and heartache when dealing with a total loss.
Why create a home inventory checklist?
Though your homeowners insurance policy provides the protection that you need in the event of a loss such as a fire or burglary, your policy can only pay for items that you can document. In order to assure that all your prize possessions will be replaced, you should conduct 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.
How should you conduct a home inventory?
To complete a full home inventory, walk through every room in your home and identify all of the contents. It is also wise to take photographs or make a video of all of your possessions, and keep this media documentation with your list. Then, place all of this information into a fireproof safe or safety deposit box at your bank.
Periodically, update this list as you purchase more items for your home.
How does a home inventory list relate to my insurance policy?
Not only can a household inventory checklist assist you in the event of a loss, it can also help you 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 Warren G. Bender Co. for more assistance with your insurance needs.