Homeowners insurance can help you with property loss after an unexpected disaster, but can you imagine how long it would take to determine the dollar value of your possessions when you've lost your home? This is why having a home inventory prepared is so important. It could save you time and money and ease the process of getting back to normal.
Taking a home inventory is simple. Make a list of your valuables and their estimated value. It's even better if you can do it with photos or a video. Our personal property calculator can help.
Ideally, a home inventory should be taken at least once a year, or after you make a very expensive purchase, like a new flat screen TV or costly furniture.
You should review your coverage every time you make a significant improvement to your home, like adding a pool or finishing the basement. These types of change may require coverage updates. You can also discuss any additions you've made to your home inventory at this time.
Keeping track of everything can be overwhelming, but it's worth it in the long run. Meet with your local Shelter agent every year to review your coverage and help keep your policy up to date.