Why You Need an Updated Home Inventory

If you haven’t taken a look at your home inventory recently, here’s your reminder to update it today. A good home inventory is a complete account of all your possessions, with a visual record, description, receipts or appraisals of worth, and necessary details like serial numbers, make, model, and other relevant information.  This task is easy to overlook but a vital one for a few reasons.

Protect Your Assets

You can’t protect what you aren’t aware you have. An updated home inventory allows you to make a knowledgeable assessment of how much your property is worth. You can make adjustments to your insurance and talk to your agent about additional coverage for items of particular worth if you have a solid understanding of the value of your property. The only way you can do that is to keep an up-to-date list of your possessions. 

Don’t Leave Money on the Table

If you need to make a claim, not having an updated home inventory could cost you money. You don’t want to rely on your memory after a loss to determine what you had. Nor is that the time you want to be scrambling to find proof of what you owned and what it was worth. An updated inventory makes the claims process easier, faster, and ensures you’ll get all the money you deserve. 

Sufficient Homeowner’s Insurance Coverage

It’s easier to do now than it’s ever been before. Cell phones make documenting your items a breeze with a built-in high-quality camera and free and simple apps designed to help you create, maintain, and easily update a home inventory. Plus, you’ll have the peace of mind of knowing your inventory is secure and stored remotely. If you are in Rochester Hills, MI and ready to go over your newly updated list, call or stop by Guy Hurley McNeil today and we can help ensure your homeowner’s policy meets your needs.