If you have a loss, your insurance carrier will ask you to furnish a complete list of the items that you lost and their values.

Don’t rely on your memory. In times of stress you will find it a poor substitute for a pre-completed inventory. Items tucked away in drawers, boxes and storage cabinets – items that could be worth hundreds or even thousands of dollars - are often forgotten.

What’s more, studies show that most people possess more than they think, and in many cases are grossly underinsured. A household inventory will help you determine how much insurance you need to protect against serious financial loss.

Prepare a list of your personal and household property. Keep it up-to-date and in a safe place. The information will be invaluable if you have a loss.

You may also want to videotape your home, room by room, as a reminder and record of your possessions.

Posted 4:46 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version