As a homeowner, you may cringe at the thought of making a home inventory due to the time and effort involved. A home inventory, however, can be a lifesaver if you were to suffer a major loss in a disaster. A home inventory is a practical means of documenting your personal possessions. By taking photos or videos of pricey items and collecting receipts, you can prove ownership of these goods and verify their value. If you’re still not convinced a home inventory is worth your time, the following reasons may change your mind.
Accurate Insurance Coverage
A home inventory will make it easier for you to choose accurate insurance protection for your personal belongings. This can help reduce home insurance costs. After reviewing your list, an agent from 1st American Insurance Agency will have a better idea of what kind of personal property protection you need so you don’t waste money on useless coverage.
Simplify Filing a Claim
A home inventory can simplify filing a home insurance claim if and when the need arises. If a fire or natural disaster ravages your Longmont, CO home and destroys most of your personal goods, you can simply refer to your list to see what you have lost. You don’t have to rely on memory to claim loss of personal property as you’ll have an accurate account of your goods to include photos and receipts as proof of ownership and value. This will take the stress out of making a claim after a disaster.
Verify Financial Loss
When you file your tax return, your home inventory can come in handy to verify your financial loss. It may also help you get financial assistance, if needed, after a disaster.
For help in selecting home insurance coverage, contact 1st American Insurance Agency in Longmont, CO.