How To Conduct Inventory Items And Make Homeowners Insurance Claim Easier
Protect yourself by conduct inventory items and make homeowners insurance claim easier. This is intended for house coverage online policy. This homeowners insurance quotes publication should take a beginners` point of view at this stimulating topic. It will provide you the knowledge that you have to understand the most.
What is a home inventory?
A house inventory is a detailed record of the personal possessions located at your house and attached to your online home insurance policy.
You must also incorporate possessions that you have saved somewhere else, maybe in a storage place or a garage on the premises.
Your inventory should include :
- Jewelry such as gold, silver, etc
- High-value artwork
- Games consoles
- CD players (and other acoustic or audiovisual equipment)
- Digital music instruments or classic
- Mirror in room
- lawn mower
- Snow equipment
- Repair equipment
- Sports equipment
- and other valuables.
Why Do I Need An Inventory?
An inventory is especially significant for houses owner insurance purposes. At the time you make an insurance claim for damaged, lost, or stolen possessions, your tenants` policy would require you to prove the quantity, description, real money value (i.e., depreciated worth), and amount of damage associated with each thing.
You`ll also be required to give copies of bills, receipts, or additional documentation to confirm your figures. If you omit some items or do not manage to include a sufficient description of others, you might get less than whole compensation for your damages.
Counting only on your memory can turn out as an expensive mistake. As an exercise, attempt to recall everything in your kitchen junk drawer, and after that, imagine having to do that for the whole house!
Performing The House Inventory
Walking around in the room by room is probably the finest way to make your home inventory for the home ins. Make a list of every item in the room, opening drawers, closets, and storage boxes.
Be as explanatory as possible.
For example, don`t simply write that a bed is there–describe the headboard, footboard, mattress, and bedclothes, write down colors and dimensions.
Keep in mind the loft, hall closets, basement, and outbuildings.
If possible, make an attempt to include the next information for each item:
- Piece description (and amount).
- Maker or firm name.
- Model number or serial number.
- The portrayal of where (or how) the piece was obtained.
- Date of purchase or age of a piece.
- Check or other evidence of purchase, including cost.
- Current value.
- Replacement cost.
- Copies of any appraisals.
A Picture Is Worth 1000 Words
It usually helps to take pictures or videotape your property, particularly if the pieces are hard to sufficiently describe on paper or in case you don`t have a receipt.
If you use a camera, tag every photo with data concerning the item was shown. In case you use a camcorder, add comments about each item presented.
Date-stamp your videotape or take a shot of the date on that day`s magazine. It will help you afterward to file a properties ins claim if something happens.