Maintain a Home Inventory
It is always better to be safe than sorry and nobody ever thinks a catastrophe like a fire is going happen to them and there is a good chance it won't ever happen. Or what happens if you're the victims of a robbery or burglary and your valuable possessions are stolen. But can you really ever count on these events will never happen they might not, but you are taking a chance that they wont happen. That is why you need to take certain precautions to make sure you are as prepared just in case these disasters ever happen. So you should be fully prepared and keep an up to date inventory of things in your home.
If you don't have a home inventory yet it's a good idea to create one now. The easiest time to create a home inventory is when you just move into a new home or apartment. If you used a moving company they usually have an inventory of the items moved. This is a great place to start as they have started the list for you making it easier for you to start your home inventory. Making a home inventory is still easy to do even if you have lived in you home for awhile it just takes time and patience. You should start with doing one room at a time, than move to the next room be sure to take notes of every item in each room. You might want to start with your most valuable possessions.
Your home inventory can be more than just a list of your possessions. To keep a more accurate home inventory you can take pictures of your possessions or make a video of all the items in your home. If you take pictures you can name them with details by writing the item name and details including serial number. You can also take a video of the items you do not have receipts. But make sure you note the serial numbers for all the items along with notes of how much, when and where you purchased each item.
You should keep all your receipts for large purchases along with your home inventory. They will come in handy if you ever need to file for home insurance claim. Many consumers are not keeping good records or copies of their receipts for large purchases. But remember by keeping copies your receipts along with your home inventory as it might be useful someday.
While some items you own have depreciated and there is a replacement value for some items like (televisions, electronics, furniture, etc.). But some items may have increased in value items like (art, jewelry or collectibles). You may need to have these items appraised and insure these items separately.
It's Important to remember a partial inventory is better than no inventory at all, so make sure you start your home inventory list as soon as you can it easier than you think.
Also you might want to check with your insurance agent to find out if your current policy adequately covers these valuables.
Start your home inventory Now!