![]() Unfortunately, the process is not that simple, however, there are many different tools available to help ease your endeavor. If you’re thinking of simply marking down everything in your home and considering yourself good to go, think again. Creating Your Inventory List for Homeowners Insurance Let’s face it, we all have a room with too many things we haven’t used in years or a section of the garage or attic that can be downsized. ![]() It’s the Perfect Time to Declutterįinally, taking note of what’s inside of your home is the perfect time to get rid of the extra things you don’t need. Homeowners that can prove their upgrades and improvements can use this when selling a home to show value. It’s also helpful for documenting these improvements, the items purchased during said improvements, and making a note for both insurance companies and potential buyers alike. Helps You Get to Home Improvement Projectsĭeveloping your inventory list is a great way to get organized and assess the things you need to do around the house. On the other hand, while reviewing your coverage, it’s always a good idea to shop annually to ensure that you are receiving the lowest rate possible for your home insurance. If you have valuables that exceed your coverage limits but aren’t accounted for, you may need to purchase additional coverage to avoid a loss. Creating Your Household Inventory List Lets You Assess Your CoverageĪssessing the amount of homeowners insurance you carry every year can help you stay protected and avoid overpaying. The more organized you stay, the faster you can resolve your claim and receive reimbursement after a loss. Having your home inventory ready to go can also speed up the claims process. By doing so, you can provide documentation in the event you’ll need to dispute a claim. Here are the top reasons to take the time and fill one out: It Saves You Time After Filing a ClaimĬompleting home inventory for insurance purposes is critical for every homeowner. From helping you file a claim to assisting in the sale of your home, having an inventory list for your home is vital. There are many reasons why making a household inventory list is beneficial to you as a homeowner. Why Should You Complete a Home Inventory? Freedom Insurance Group recommends that every homeowner undertake this process to help stay better protected and to best understand their coverage needs. It’s now easier than ever to document, update, and file a household inventory list. Having an inventory list prepared is going to help you avoid many hassles in the aftermath of a loss and can provide many other benefits too. For homeowners, part of that preparation includes creating a home inventory of the valuables you wish to protect. Should a tragedy strike, you’re going to want to be ready.
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