As a home owner you probably have smoke detectors on every floor of your house.
And clearly you have a homeowners insurance policy since the bank or mortgage company require you to have coverage for your home and personal property.
But do you know how much insurance coverage you have on your belongings?
And did you know that most insurance companies will require proof of ownership when it comes to filing a claim?
Could you prove what you really owned?
I found out the hard way after my family lost everything in a home fire back in 2006.
And sadly for us we did not have an inventory of all our property to give to our insurance company when filing a claim. We did our best to catalog the burnt remains of our belongings, which took months and many phone calls to friends and family members for any photos they may have of our home.
So you can imagine my surprise after months of hard work to find out that we were under-insured.
It turns out that you require proof of ownership in order to collect on many electronic devices and property that we all own, such as:
- tablets and smartphones
- flat-screen TVs
- to name a few
Do you know how much coverage you have on your personal property? And if all was lost tomorrow do you have proof of ownership so you can file a claim that will get pain on time?
Personal property inventory
Having a personal property inventory is as important as the insurance coverage you renew each year.
What’s more, it’s important that it remain up-to-date as well. And kept in a safe and secure location so that you can use it should the time come to need it.
The essentials of having an accurate property inventory include:
- a photographic record of your property
- a record of your interior and exterior property
- an accurate list for high value items, including manufacturer, model and serial numbers
- a catalog of property for each room in your home
- a recent appraisal for expensive jewelry
Not having an accurate inventory means you could lose thousands of dollars due to loss, theft, fire or damage should you need to file an insurance claim. Trust me, insurance companies will ask for an inventory, including a detailed description and the value of your damaged or stolen property.
And in order to justify the loss you suffered our detailed inventory will prove to be very beneficial at this time.
Schedule a no-obligation quote today
Whether you have an old inventory that needs updating or you’ve never itemized your personal property, now is the best time to get a quote.
It’s easy to get started.
Simply give us a call at 630-442-7276 to discuss the property you need inventoried and I can give you a free quote over the phone, or you can click the link and fill out a short form and I’ll get back to you.