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The unthinkable happens and you need to lean on your homeowners insurance. You have prepared for this and have all the necessary insurance coverage to get you through,. The question you want to ask yourself is whether you have the paperwork to back up your claim.
If you are just setting up a household, starting an inventory list can be relatively simple. If you’ve been living in the same house for many years, however, the task of creating a list can be daunting. Still, it’s better to have an incomplete inventory than nothing at all. Start with recent purchases, then try to remember what you can about older possessions.
Valuable items like jewelry, art work and collectibles may have increased in value since you received them. Check with your agent to make sure that you have adequate insurance for these items. They may need to be insured separately and it is important that your insurance company know about these items before there is a loss.
You can also take pictures of rooms and important individual items to have a visual record of your belongings. On the back of the photos, note what is shown and where you bought it or the make. Don’t forget things that are in closets or drawers. If you use your phone or a digital camera, you may also be able to add a description of the item when saving the photo.
Your insurance professional can help you with an inventory of your belongings. Talk with them and see how you can make sure everything you need to be insured is insured. Don’t get caught short.