FAQ / I already have homeowners insurance, why do I need a home inventory?

Most people assume they have everything covered by purchasing an insurance policy only to find out it does not cover what they thought when they actually need it, or that they are unprepared with the proof needed to maximize the claim payout.

• Do you know the value of all of your belongings and personal property? In the event of a catastrophe, such as a fire, will you be able to recall each and every item in your home as well as the value of each item? Will you remember the model and serial numbers? These are essential to determine the correct replacement cost for what you have lost.
• Do you know what your policy covers? It’s important to understand your homeowner’s insurance policy. Read it over carefully and contact your insurance agent about anything you don’t understand.
• Often, following an inventory, customers have contacted their insurance company to find out if they had adequate coverage. In many cases, they were actually underinsured and were surprised at the total value of all that they own.
• The benefits of a home inventory will be priceless in the event of loss. The added protection and security of being prepared offers peace of mind that cannot be calculated. It is better to have it and not need it, than to need it and not have it!

Posted in: Disaster Preparedness Inventory