July 17, 2006
Have you captured your home yet?
No I haven’t made a mistake up there. All I was trying to do is ask you if you have photographed your home with all the essentials in it. It is important to keep a record of all that you have in your home so that in the case of an eventuality, you have a proper record of all the things in your home. This makes it easier for you to claim your home insurance. One of the first things you need to do is check your homeowners insurance policy. And don’t think I’m trying to spoon feed you guys. Actually quite a few people do take out a policy but have no idea about what it covers. According to a recent survey of over 1000 US homeowners, nearly 90 percent don’t understand their policy or the areas of insurance coverage they need to have!
- If you live in an area that is affected by floods, you must get flood insurance cover. Try to get the maximum insurance coverage, which is about $250,000.
- If you have expensive jewelry, art, antiques, collectibles, guns, etc call your insurance agent & get them listed on your homeowners policy. Don’t forget to document them separately.
- Take pictures of every area of your home including the furniture. This will help ensure the legitimacy of your claim.
- Keep receipts or proof of the new or upgraded appliances and furniture in your home.
- Never keep important records like insurance policies, an inventory of your home contents, pictures of your home (exterior & interior), financial documents, and receipts in your home. A bank safety deposit box is always safer.
- Finally, NEVER do business with an insurance company you have never heard of before.
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