Why You Need to Document What Your Own

Why You Need to Document What Your Own

If you want to undertake a seemingly impossible task, consider listing everything you own. Sure, the bigger stuff may be easy. Your car, your house, your wide screen television, for example. But when you start thinking about what’s in your closets, drawers, garage and kitchen, you can quickly realize how massive that task can be. It can be beneficial, however, especially if you are ever faced with a massive claim on your homeowners’ insurance policy.

Imagine a large fire, flood or tornado that destroys most everything you have. Where would you start in listing your losses?

The good news is that when it comes to insurance, documenting doesn’t necessarily mean listing every item you own and having purchase receipts. While that certainly would facilitate the process, a video or still images of your home and belongings can go a long way in accomplishing several important issues. First, it will certainly serve as a reminder of most of the things you own. It will also at least serve as some documentation when filing your claim.

Ideally, it is a good idea to keep an inventory of your larger purchases, when you bought them and what you paid for them. But documenting every small appliance, clothing or knick knack purchase would be an unfair burden. The key is the better your efforts now, the easy an extensive claim process may be in the future.

It is also just as important to make sure your coverage limits are sufficient. If you have a large personal collection of art, jewelry or antiques, you may want to have a discussion with your independent insurance agent to determine if you should acquire additional coverage. It is one of the reasons a home insurance review is so valuable.

Many people have maintained the same homeowners’ insurance policy with the same coverage for years and perhaps even decades. Things change, however, and housing values may rise and fall. You owe it to yourself to keep your policy updated.

We invite you to contact us for a no-obligation homeowners insurance review. If you like, we can get quotes from multiple companies so you can determine the best coverage at a price that works for you. If you want to make sure you are prepared for a large claim, make sure you have at least some inventory basics down pat and your homeowners insurance is sufficient. Contact us for assistance.

Leave a Comment





When Was the Last Time You…?

January 22, 2021

Life Insurance Is Not About You

January 20, 2021

Big Boy Toys and Auto Insurance

January 19, 2021

America’s Most Popular New Year’s Resolutions

January 8, 2021

You’ve Never Been Where???

January 1, 2021

What is BOP and What Does It Include?

December 31, 2020

Funerals, Life Insurance and Flowers

December 30, 2020

How Some Famous Movie Cars Would Be Insured in Real Life

December 29, 2020

Questions to Ask Your Grandparents this Holiday Season

December 25, 2020

Used Car Buying Tips

December 22, 2020

Buying a Home Only Based on Homeowners’ Insurance Rates

December 21, 2020

How 2020 Will Affect How We Conduct Business for Years to Come

December 17, 2020

Why a Million Dollar Life Insurance Policy May Not Be Enough

December 16, 2020

Reasons Cars Are So Much Better Now Than Fifty Years Ago

December 15, 2020

Five Best Movies for Sales Representatives to Watch

December 10, 2020

Are Heirlooms a Thing of the Past?

December 4, 2020

Is “Positive Thinking” Valuable for Your Business and Employees?

December 3, 2020

Life Insurance: Why Waiting Limits Your Options

December 2, 2020

What You Need to Know About Today’s Driving Schools

December 1, 2020

Hurricanes, High Winds and Homeowners’ Insurance

November 30, 2020

The “Flying Nun” and Other Wild TV Show Premises

November 27, 2020

How to Get Clients to Promote Your Business

November 26, 2020

Five Cents a Week for Life Insurance? Wait…There’s more!

November 25, 2020

The Info You’ll Need to File an Automobile Insurance Claim

November 24, 2020

Buying a Home? See These Five Movies First

November 23, 2020

Six Women Who Made a Big Impact on Modern Music

November 20, 2020

Cutting Costs Without Slashing Your Business

November 19, 2020

The Difference Between Term Life Insurance and Permanent Life Insurance Explained

November 18, 2020

Preparing Your Home for a Natural Disaster

November 16, 2020

Steps to Better Secure Your Bricks and Mortar Business

November 12, 2020

A Closer Look at the Life Insurance Waiver of Premium Benefit

November 11, 2020

Why You Need to Document What Your Own

November 9, 2020

The Allure of the Great Smoky Mountains

November 6, 2020

Can I Buy Life Insurance if I’m Dying?

November 4, 2020

The Growing Problem of Aggressive Driving and Road Rage

November 3, 2020

College Life and Renters’ Insurance

November 2, 2020

Why Coin Collecting Is Still A Terrific and Educational Hobby for Kids

October 30, 2020

Why You Should Have an Annual Business Insurance Review

October 29, 2020

The Two Biggest Factors That Make Life Insurance Rates Increase

October 28, 2020

The Great Recreational Vehicle Revival

October 27, 2020

Want to Add Value to Your Home? Consider Upgrading Your Landscaping

October 26, 2020

Weird Stuff You May Not Know About Grocery Shopping

October 23, 2020

Tapping Into The Genius of Your Staff to Make Your Business Better

October 22, 2020

Life Insurance: Buy What You Can Afford

October 21, 2020

The 10% Rule: Should You Drop Your Comprehensive & Collision Insurance?

October 20, 2020

This Biggest Cause of House Fires May Surprise You

October 19, 2020

The Benefits of Downsizing Your Household

October 16, 2020

Five Cost-Effective Marketing Ideas for a Small Business

October 15, 2020

Why an Independent Agent is Your Best Option for Life Insurance Quotes

October 14, 2020

Six Common Sense Tips to Make Your Home Safer and More Secure

October 12, 2020

Seven Steps You Can Take Today to Gain Control of Your Household Budget

October 9, 2020

Five Facts About Small Business Insurance Most Aren’t Aware Of

October 8, 2020

Getting Married? Now’s a Good Time to Consider Life Insurance

October 7, 2020

Drivers Aside, Our Highways Are Getting Safer

October 6, 2020

The Five Most Common Home Insurance Liability Claims

October 5, 2020

8 Upgrades to Help You Sell Your Home Faster for More $

October 2, 2020

Why You Need Business Insurance Even if You Rent Your Business Space

October 1, 2020

Why Life Insurance Should Be a Fundamental Part of Your Financial Plan

September 30, 2020

The Ten Most Frequent Causes of Automobile Accidents

September 29, 2020

The Good, Bad and Ugly of Renting

September 28, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 719-559-2544

719-559-2544

© Copyright 2021 Paramount Insurance Services  |   All Rights Reserved
Site by ICA Agency Alliance

719-559-2544

© Copyright 2021 Paramount Insurance Services  |   All Rights Reserved
Site by ICA Agency Alliance