Has your family ever completed a Household Inventory?
2/4/2011
If your home were damaged or destroyed by a fire, theft, or natural disaster, would you be able to recall every item you own? In the event of a total loss, you will be expected to provide a list of all your personal property that was damaged, along with its estimated value. A Household Inventory can not only make it easier to settle your insurance claims, but can also help determine if you have the right type and amount of insurance for your home and its contents. Follow these simple steps to complete a Household Inventory.
- Make a list. Jot down the items and their value in each room (don’t forget the closets and storage areas). Then itemize the contents in the space provided in this brochure. Be as thorough as you can, noting make and model or serial number, date purchased, and the item’s value.
- Take pictures or record a video. A visual reminder is also extremely helpful when trying to recall the contents of your home. Take pictures or make a video of each room, date them, and keep them with your Household Inventory.
- Compare your coverage. Compare the Household Inventory total to the amount of coverage on your homeowner’s policy. If the amount on your policy is less than the value of your inventory, contact your independent agent to adjust your coverage.
- Safeguard your inventory. Store your inventory in a safe place – in a safe deposit box or a fireproof safe.
- Review it once a year. It’s important to recheck your inventory once a year. What new items have been added to the household? How have the cash values changed? How does the protection of your homeowner’s policy measure up against inflation? With the help of your insurance agent, make sure your policy offers the right coverage for your valuables.
Click Here to download a Complete Household Inventory Checklist
Dear Fletcher, I wanted to drop you a note to say what a pleasure it is to work with your team. Jennifer and Linda are terrific. I'm often faced with challenges when attempting to collaborate and coordinate with my service partners. That is never the case with Wilson Insurance. It is a relief and a calming thought to know I can count on you and your team for support. Thanks for the consideration. Don
Read what others have to say.
What's New
Why every Board of Directors should carry D&O Insurance
Directors & Officers Liability insurance provides coverage for your own “wrongful act” while performing duties as a Director of Officer of the insured entity, or the "wrongful acts" of other board members.
Why Do You Need Director’s & Officers Liability Insurance?
While an organization is legally permitted to cover the costs incurred as a result of personal liability stemming from the activities performed on behalf of the organization, this ability, called indemnification, may not apply to every situation. The director or officer may become personally liable in their duties performed for the organization.
What You Should Know About Rental Car Insurance
- Theft of the Vehicle
- Tolling, or Turning the Vehicle Over
- Lease Gap coverage
- Loss of Use
- Glass, Tire and Undercarriage Damage
- Animal Collision
- Flood and Hail Damage
- Damage above the Windshield
- Individuals who rent personal vehicles for extended periods and do not have a Personal Auto policy in force
- Drivers who rent, and do not own another vehicle insured elsewhere, need to be expecially careful here