Has your family ever completed a Household Inventory?

Homeowners Insurance Winston Salem

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.

  1. 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.
  2. 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.
  3. 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.
  4. Safeguard your inventory. Store your inventory in a safe place – in a safe deposit box or a fireproof safe.
  5. 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

View All News Articles

What Our Customers Say!

"Jennifer, please accept my gratitude for everything you do for me as it relates to my insurance needs. You do an outstanding job and you represent Wilson Insurance Services very professionally.  You are clearly a trusted advisor to me."

Bill Stallings, Commercial Real Estate Lending

Read what others have to say.

What's New

Wilson Insurance Services Team!
2/22/2018

 Our newest team photo!

Read More »

 

What You Should Know About Rental Car Insurance
2/1/2018
There are some very serious contractual gaps in coverage for rental vehicles. Even if you purchase their Collision Damage or Physical/ Loss Damage Waivers, many rental car contracts exclude the following:
  • 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
Read More »

 

The Five Costliest Traffic Tickets for Auto Insurance
1/15/2018

Those whirling blue lights in the rearview mirror usually mean just one thing: It's traffic ticket time. The worse the violation, the more your car insurance costs may rise because it's more likely you'll be considered a bigger risk to the insurer.  Rack up a combination of the nastiest violations plus a few accidents, and insurers may even refuse to cover you, says Loretta Worters, spokeswoman for the Insurance Information Institute, a trade group.

 
It boils down to matching the premium you pay to your risk as a customer, says State Farm spokesman Dick Luedke. "Sometimes you get lucky and violate (traffic laws) a lot and don't get caught, and sometimes you do it once, and you are caught," he says. "That's why we use all sorts of other things to measure risk as well." So it's tough to say how much your insurance premiums will rise per violation. Different insurers calculate premium costs differently, Worters says. With the help of experts, including J. Robert Hunter, insurance director for the Washington, D.C.-based Consumer Federation of America, we now identify what are considered the five worst traffic violations for your insurance bills:
Read More »