How to Protect Your Home (and Not Break Your Budget) Series
Our 4-week series is a must for every homeowner. Once you buy a home, it’s now all your responsibility! But are you truly prepared for the unexpected? This series is an excellent overview of what you need to know when getting homeowner’s insurance, keeping your home safe and secure, and avoiding costly mistakes when protecting your home.
This week you’ll learn why keeping an itemized list of your home’s contents is a HUGE help when you need to make an insurance claim.
No one wants their home damaged or destroyed by fire or flooding. Or have treasured items stolen? It’s devastating to even think about it.
That’s why you – like all homeowners — rely on insurance coverage to help cover the cost to rebuild your home and replace your belongings. Having it gives you some comfort and relief, right?
But even good insurance is only as good as the records YOU keep!
Your insurance company can only be as helpful to you as you are to them. It’s a simple fact, and that’s why you need to take inventory of your belongings.
Why It Matters
Take a look around your home, and most likely, it’s filled with many different items, some worth more than others, some more precious to you, and some just part of your day-to-day life.
But if you add them all up, the value of your belongings could be pretty high. Are you covered for that? What happens when you need to make a claim and prove the value?
Take an inventory of all of your items throughout your home:
- It gives you a better idea of how much coverage you actually need, and
- It can help verify the value of your belongings when you file a claim, and even facilitate the process.
Your list can help the claims process tremendously since there is no second-guessing; you can provide visual and documented proof.
Getting It Right … and Making It Easy
A home inventory consists of a detailed list of items in your home: furniture, fixtures, paintings, jewelry, appliances, electronics, etc. Be sure to take pictures and include a description, serial number, model, purchase date, and estimated value (include any receipts) for each item.
You can download an online software program, either on your own or through your insurance company, specifically designed to help you itemize all of your stuff!
Inexpensive online programs can guide you through the process and make taking inventory of your home much easier and more organized.
If this type of software doesn’t work for you, you can always take the time to save your photos and lists on a safe online system like Dropbox or iCloud that you can access anywhere. Some people take a video of their home and walk from room to room to document their stuff. Again, easy to save online.
No matter what system you choose, the most important thing is that you’re organized and prepared if something happens to your home.
Keep It Safe
Never store your inventory list at home where it can be damaged. That’s why online programs are a great way to keep your itemized lists and pictures safe and accessible when there is an emergency. Digital records can be stored in Dropbox or iCloud. And, if you still need a paper backup, save those documents in a safe deposit box or secured place outside of your home.
Next week in our 4-week series, How to Protect Your Home (And Not Break Your Budget), you’ll find out why you may need flood insurance for your home. You might be surprised by why it’s critical to get this added protection.
I'm Tehane, a local realtor, helping locals buy, sell, and stay local. Schedule a conversation, and let's talk about your current situation and where you want to be.. Then, let's create a plan to get you there. Every journey begins with the first step!
BHGRE Advantage Realty
4211 Waialae Avenue, Box 9050
Honolulu, HI. 96816
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