Before buying homeowners insurance, ask yourself one question:
"What do I need covered?"
The answer lies within your home inventory. A home inventory documents items in the event you need to make a claim. Not only will this speed up the process, but it may also maximize your payment.
For this reason, Biddle-Shaw Insurance Services Inc. encourages its clients to conduct a thorough review of their belongings. Located in San Francisco, CA, their agents list eight tips for completing a detailed home inventory.
Break it down
Start small. Divide your home into sections. Tinier areas, like a closet, are great ways to ease into the process and avoid getting overwhelmed. Find a system that works best for you.
Record key info
List basic descriptions of each item. Include estimated value, purchase date, and any sales receipts.
Identify serial numbers
For major electronics and appliances, jot down serial numbers also.
Group like items
Not everything you own needs to be listed individually. Categorize low-cost goods, like clothes, and assign a price for the whole group.
Snap pictures and video
These images can speed up claims. Not only are they helpful reminders, but pictures and videos also capture the condition of belongings before they’re damaged.
Separate high-end valuables
Expensive items may require additional coverage beyond a standard homeowners policy. After identifying jewelry, antiques, and collectibles, check with an agent.
Ditch paper and pencil entirely. Home inventory apps, like Nest Egg, are increasingly popular and easy to use.
At a minimum, review your inventory once a year to add new purchases. In addition to digital records, keep a backup copy somewhere else.
Consult an agent serving San Francisco, CA
Once you’ve conducted a home inventory, Biddle-Shaw Insurance Services Inc. will help find a home insurance policy that’s right for you.