HOME INVENTORY FOR INSURANCE SERIAL

Evaluate whether to insure your property and contents at “replacement cost” or “actual cash value.” Replacement cost is the amount it takes to replace or repair your home and possessions with materials of similar quality.If needed, you can make a decision to purchase additional coverage to insure those items up to their full value. Have the necessary amounts of insurance coverage for items that have limited coverage such as antiques, artwork, coins, jewelry, and silverware.Home Inventory Benefitsīy completing a comprehensive home inventory you ensure you: Remember that documented proof of ownership to receive a settlement is the responsibility of the policyholder. In order to file an insurance claim for lost, damaged, stolen, or destroyed items, a detailed list of those items is required for a smooth and maximized reimbursement.

HOME INVENTORY FOR INSURANCE SERIAL

Why is a Home Inventory ImportantĬan you provide a detailed list of everything you own, when you purchased those items, the cost, make, model, and serial numbers? If not, a home inventory helps ensure you are sufficiently prepared to deal with potential losses and that your insurance covers you appropriately. This ultimately saves you a ton of hassle in that instance and is valuable for estate and financial planning. Not only will it give you a good chance to clean out some clutter but it is considered a key component to settling and documenting insurance claims in case of emergencies where loss is incurred. A home inventory is a comprehensive report detailing your personal property with descriptions and photos. Take time to do a home inventory of all of your personal property now, rather than later.

Home inventory for insurance