Protect Your Belongings – A SIMPLE PERSONAL INSURANCE HOME INVENTORY SYSTEM
WHY HAVE AN INVENTORY OF YOUR PERSONAL BELONGINGS FOR INSURANCE PURPOSES?
You have insurance for your personal belongings so your covered right?
You come home from vacation and find your home has been burglarized. A quick call to your insurance agent should solve that. But then the dreaded questions come……
‘What did you lose? Can you send a list of items and their values? Do you have receipts or other proof that you have these expensive items?’
With a simple inventory system, you are covered with ease.
Being like most people, we forget what we have and when we bought the item.
In the past people were asked to make a list of everything they lost in a flood, fire or theft. After a loss occurs, it is very difficult to recreate everything that was lost by memory. With today’s technology it is so much easier.
This simple inventory method uses the camera on your cellphone to record exactly what you have. The easiest way is to record a video of your different rooms along with a verbal description of what is in each room. Showing your different appliances, tools, furniture, knickknacks and assorted belongings.
One exception… This doesn’t include clothing. Clothing is something the insurance companies are not very strict on requiring proof when it comes to an insurance loss unless is a high value item. Everyone has shirt, pants, coats, sweaters and more. The only exception would be a piece of clothing that was expensive. An example might be $2,000.00 fur trimmed coat.
THE FINAL STEP IS VERY, VERY ,VERY IMPORTANT———
YOU NEED TO DOWNLOAD THE PICTURES TO A THUMB DRIVE, PORTABLE HARD DRIVE, THE CLOUD OR TO SOME OTHER LOCATION WHERE THEY WILL BE SAFE FROM FIRE, THEFT AND LOSS. DO NOT STORE THE PICTURES IN YOUR HOUSE.
With this simple video in hand, it is very hard for an insurance company to question what you owned when you have pictures of the items. There are some caveats here with regard to expensive jewelry, watches, furs, guns, coins, stamps and other high value items. In many of these cases, your insurance policy will have low limits on those types of items, maybe as low as $1,000. Next week we will look at different ways to protect these high value items inexpensively.
For more information, call us at 765-644-8847 or find us at Howard Webb Insurance.
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