Protect Your Personal Possessions By Conducting a Home Inventory!
Did you get a new flat screen TV recently? How about a new computer system or a piece of fine art?
More importantly, have you notified your insurance agent about these new possessions or other valuables that you own?
Having an up-to-date home inventory will help you get any insurance claim settled faster, verify losses for your income taxes, and help you and your agency make sure you've purchased the correct amount of insurance.
That's why we strongly urge you to conduct a detailed home inventory every year. The Know Your Stuff Home Inventory Software, made available through the Insurance Information Institute (www.III.org), is a free tool that's really easy to use. It also offers great tips on how to conduct a home inventory and provides item lists to help you through the process.
Be sure to take pictures or scan the rooms in your home with a video camera to capture images of items you may have missed while putting together your home inventory. Also, keep receipts of valuable items you've purchased whenever possible.
Once you have completed your inventory, give a copy to your agent and store a printed copy in a secure place outside your home, such as a safe deposit box. This will ensure you have a copy of the information should a disaster happen, such as a fire. Remember to update it annually to ensure your possessions are properly accounted for and documented.
Doing a home inventory will pay off in the long run, so don't wait to do it! If you have any questions, please give our office a call at 716-684-6000 and we can help you through it.