Keeping a home inventory chart of your property can save time in filing an insurance claim. Fire or theft may cause you to rely on your memory in listing missing items. There may also be questions as to the validity of a claim without proof of existence. Take these steps to assure that your property can be easily accounted for in the insurance claim process.
Begin saving receipts for items purchased. Other forms of purchase can also help in proving ownership. These include:
- Product Warranties
- Manuals of Instruction
- Credit Card Statements
- Bank Statements
A picture is worth a thousand words when trying to explain what type of property is gone. Make sure that all photos are clear and taken in color. Other factors to keep in mind include:
- Write a serial number on the back of photo
- Date all photos
- Designate room where the item was located
- Photograph open drawers and closets to show the quantity
If you are using an iPhone, download the information to a disc that can be removed and stored off-site. You never know if your phone will be destroyed, as well. An agent, such as Don Allred Insurance that serves the Burlington, NC region, may be able to offer more suggestions specific to your homeowner’s policy.
Once you have collected all of the home inventory information, compile into a chart with costs. Make an appointment to discuss your list with your insurance agent. You may find that your homeowner insurance replacement limits need to be adjusted. If you live in Burlington, NC, call Don Allred Insurance to discover more facts about how keeping a home inventory chart can be a huge benefit should disaster strike.