 | |
| Chandler AZ Home Insurance Inventory |
Does your Chandler AZ homeowners Insurance adequately cover your personal possessions? Most homeowner’s insurance policies will cover between 50 and 70% of the replacement value of your home. However, this may not be enough to replace your prized possessions after a disaster, particularly priceless items such as art or jewelry. Performing a home inventory can help you determine your homeowner’s insurance needs. Here are some tips on how to get started:
- List. Begin by making a list of all your possessions. Record serial numbers of electronics such as televisions or computers. List clothing items by category: shoes, pants, purses, shirts, etc. Store any receipts or appraisals you have with the list.
- Tools. A simple computer spreadsheet might be all you need, but there are also programs that will assist you in making a complete home inventory. The New York Times has reviewed some of the better home inventory programs and apps available. Many insurance companies also offer online tools or home inventory checklists for their customers. Your insurance agent can tell you what tools are available.
- Valuables. High-value items such as art, jewelry, furs or collectibles may need separate coverage. List these items and discuss them with your insurance agent to evaluate your needs.
- Outside. Don’t forget to list items outside your home such as patio furniture, tools or vehicles. Also remember to include items in your basement, attic, garage, or tool shed.
- Record. Take photos of each room and note important items such as furs, artwork, antiques, or collectibles. Also include high-dollar items such as tools or electronics. Store the photos with the list either as hard copies or on a flash drive. Alternatively, use a video camera to take a video tour of your home and narrate the contents of each room as you go.
- Store. Be sure to keep a copy of your list and documentation off-site. You could keep a copy of your inventory at the home of a friend or relative, or in a safety deposit box at your bank. This insures that you have a copy of your information if your home is destroyed.
- Persevere. The idea of listing all your possessions might be overwhelming, especially if you have lived in your home for years. Begin by listing your most recent purchases, then take the rest of your home room by room. Creating a thorough home inventory can be a time-consuming task, but it will be worth the investment if the information is needed. Once the initial list is created it should be a fairly simple task to keep it current.
Don't Wait to Get your Chandler AZ Homeowners Inventory
A complete home inventory ensures that you have the documentation needed to replace your property and verify your claim in case of property loss or damage. According to the I.I.I., “Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance.” Contact any one of our Arizona insurance agents for assistance in creating a home inventory and to make sure your personal possessions are adequately insured.
