The Importance of Documenting Valuables In Your Home!
October 15, 2009 in Privacy & Security, Safety
If you had a burglary or fire in your home tomorrow, would you be able to rely on your memory when filing a claim? The items you use every day may come to mind quickly – but what about that set of silverware used only on special occasions? An inventory of your household goods, in both words and pictures, is essential to getting all the benefits that are due you.
If you’re not prepared for a loss with a complete inventory record, you may not get the full benefit of your insurance coverage. In addition, compiling a list of possessions can provide your insurance company with a base for determining whether your coverage is sufficient. Give yourself the peace of mind that your home and valuables are covered properly in the unfortunate event of a burglary, fire or natural disaster.
While a written inventory helps you itemize your possessions, it doesn’t document ownership or the actual value of the items. For that, you need a photo inventory and proof, such as sales receipts or a professional appraisal. Your best protection comes from all three. You don’t have to be a professional photographer or cameraperson to do an inventory of your possessions. Start by photographing or videotaping each room, wall by wall, floor to ceiling. Then take close up shots of valuables in each room. Then write basic information on the back of each photo. Be sure to note changes in your possessions such as a new TV set or new sofa you have recovered. Delete items you no longer have.
Be sure to secure your records in a safe place.
Article provided to the La Quinta Chamber of Commerce – GEM Publication March 2007 page 19.
