We have seen tragedy and great loss after events such as tornados, hurricanes, flooding, or even fires. No matter where your home is located, the threat of a catastrophic loss is looming. If this were to happen to you, would you know what it takes to make you whole again?
It is important to have a home inventory. This will give you the opportunity to discuss with your insurance agent about what on that list you want to make sure is covered and for how much. This will also aid in the event of a claim. People like to think they will remember everything they own if disaster strikes but the reality is they don’t.
Imagine trying to figure out what model the television you owned was or how many t-shirts and jeans you owned while your home and everything you own is in ashes. This would be a very emotional and stressful time for anyone and trying to remember everything would be very overwhelming. By being prepared, you can help the whole process to move quicker, smoother, and with less animosity.
What should you list into a home inventory? A home inventory is a collective list of everything you own. This means you would list everything. Create a master list and for the larger items, including any additional information you have. This would be model numbers, purchase dates, the price at purchase, copy of the receipt, etc.
The idea of creating an inventory of everything you own can be tedious. Is there anything you can do to make the task as stress-free and as convenient as possible?
- Take a video
- Download an app
- Hire a third party
These are just some of the ways that you could make this task a little easier. However, no matter how you create your home inventory, you should always keep a copy of it somewhere outside of your home. This could be a bank safe deposit box, a friends home, or even online in someplace like a Google doc.
It is also important to note that you should review your home inventory annually and adjust as needed.
A home inventory can serve as the cornerstone of overall preparedness. Once you have this, you can identify potential emergencies that are likely to happen and develop a plan of action. Who is in charge of the pets? What are the musts you will grab in a rush to escape? Where will you go in an evacuation? The more prepared you are, the better you will be able to handle the aftermath.
If you love it, you should list it. If you have any questions, give us a call at 844-GANNONS. Our educated and licensed agents can help you to be prepared and ensure you are covered in the event of a crisis.