Keep an Updated Inventory of Your Home or Office.. Just in Case

9/26/2018 (Permalink)

Make sure you have a picture inventory of your belongings in the event of a loss. Without it you could lose a lot of money!

Tip of the week:

While you probably have homeowners or business insurance that covers the contents of your home or business if they are lost, you probably don't have pictures of the contents you own.

Make sure you keep an inventory of the contents of your home and office.  Hopefully you will never need it, but you will be glad to have it in the event of a problem!

Be sure to take pictures of each area of your home or business and the contents in them at least once a year. That way, if you do need to file an insurance claim you will have a record of everything you lost, the condition it was in, etc.

People are often surprised that if their property is lost, destroyed or stolen getting it replaced is not necessarily a straight-forward process with their insurance company if they don't have this picture inventory.

For example, if you were to lose a desk in a fire and don't have a picture inventory the amount you will be reimbursed could be a surprise.  Your $1000 mint condition 'classic' desk could get valued based on age and 'market-value', leaving you with a lot less money than you expected, and needed, to replace it.

Again, we hope you never need that list, but better safe than sorry.  Of course, if you ever need us for mold, fire, water or trauma/bio-hazard issues, we are here 24/7 365.