As I sit here preaching the merits of being properly insured, I am as guilty as most in neglecting to create an up-to-date inventory of my home possessions. On many occasions, I had thought to myself “Wouldn’t it be a good idea if I videotaped everything in the house so I could have an accounting of my possessions?” I have YET to do this! So, this blog entry is as much for me as it is for every homeowner out there. Most of us are fortunate never to have to file a homeowner’s insurance claim for a loss incurred. Yet none of us truly knows when that next tornado, hurricane or fire might come our way. No one wants to think they’ll be burglarized but obviously, that’s a possibility, as well.
“According to a 2012 survey from the National Association of Insurance Commissioners, over 75% of consumers don’t have a home inventory. ” That’s a pretty staggering statistic! Here are some very basic tips to make sure you and your possessions are protected against theft or in the event of a catastrophe.
- Review your policy.
- Take photos of the exterior.
- Photograph each room from 4 angles (or videotape).
- Open every closet, cupboard, and drawer.
- Update after any improvements or major purchases.
- Take photos of serial and model numbers of electronics.
- China, crystal and silver need special attention.
- Don’t forget the garage and/or sheds.
- Make digital copies of things that can’t be replaced – photos, family videos, etc.
- Store home inventory off premises (or in The Cloud!).