Dealing with home-insurance-related tasks might not be your favorite thing to do. You might not care much for taking time out of your schedule to handle anything pertaining to Alabama home insurance, but there’s one pretty simple task you can do that can really make a difference: taking a home inventory. We’re going to explain what a home inventory is and give you a few compelling reasons to set aside some time to take one.
What is a home inventory?
A home inventory is simply a list of all the belongings in your home, room by room, with an estimate of their value. It’s a list of what you own – your personal property.
Why should I take a home inventory?
Your Alabama home insurance is there to help you recover from a loss, and it probably includes personal property coverage to replace belongings that were destroyed by a covered loss such as a fire or burglary. But if you don’t know what needs to be replaced, it’s hard to file that claim with your insurance company. An inventory can help you pinpoint exactly what was destroyed. Though it might seem like a tedious task, taking that home inventory can really pay off if you ever have to file an insurance claim.
(And the home inventory can give your claim more credibility to the insurance company. It’s not that the insurance company wouldn’t want to believe you’ve lost what you said you did, but insurance fraud is a prevalent issue.)
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Checking to see if you have enough coverage.
It’s also important to know if you have enough Alabama home insurance to protect yourself from a potential disaster. By finding out exactly what you need your insurance to cover and how much those items are worth, you can get a better idea of what the limit on your personal property coverage should be to make sure you have enough coverage. It’ll also give you the chance to see if you have any items, such as jewelry or valuables, that might need additional insurance. (Home insurance only provides a limited amount of coverage for these things, so you may need additional coverage.)
You need enough insurance to cover the cost of replacing your belongings. Chances are you have a lot more stuff packed into your house than you think you do!
How to take a home inventory.
Okay, admittedly taking an inventory might be a bit tedious, but it’s not difficult. All you have to do is walk around your home room by room and write down the items and belongings that are there. Or, if you’re more of a digital person, you can take your inventory online by using a tool like Google Drive.
(You can also check with your insurance company to see if they have a handy-dandy list or guide to help you through the process. They might have a checklist or a template you can use.)
To really level up on your home inventory, you can take photos or videos or each room and include them. It might be hard to write everything down, but photos are a great way to have a visual of the room. These things can also add credibility to a potential claim, too. Technology is great! So, get out your camera and fire away.
When you’re finished with your inventory, you need to store it somewhere safe. You can think about putting it in a safe deposit box at your bank to be extra safe. The thing is that if your inventory is in the home when the home is destroyed, well, the inventory might be toast. And then it wouldn’t exactly be very helpful.
Also, make sure to keep your inventory updated. If you make any big purchases, be sure to include them – and you can also think about attaching a copy of the receipt. Be sure to go through periodically and freshen up your inventory, making sure that it’s still an accurate representation of what’s in your house.
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Taking a home inventory might sound like kind of a drag, but it’s really helpful for your home insurance. It’ll be a big help if you ever have to file a claim, and it can also help you ensure that you have enough coverage for your personal belongings. While we can’t know if a disaster is going to strike, a fire is going to start, or a burglar is going to break in, you can be prepared.
If you’re looking for quotes for your Alabama home insurance, we would be happy to help you with that. Our team can help you get multiple quotes so you can save money on home insurance, and we’re here to help you find the insurance that’s right for you. Call us today or fill out our online quote form to get started with your quotes.