Have You Made a Home Inventory?
One of the things covered in most homeowner’s and renter’s insurance policies is damage to property. You can be reimbursed (check you policy for amounts and restrictions, etc.) for items lost in an event that is covered by your insurance.
But you have to know what’s in there.
I was reminded recently of the importance of the home inventory while reading Money Talks. You should make a home inventory of what is there, and what is valuable. You should also have proof in the form of images to show the condition that the property is in. You can do this with a digital camera (or scan printed pictures) or by taking video.
Some insurance companies have software you can use to help you make a home inventory, and they will even store it for you. This is important, since you need to store the information off site. I keep my home inventory (which needs — badly — to be updated) in a Google document. That way I can get at it as long as I have Internet access.
*Also, you should take regular pictures of your car so that you have proof of its condition if you need it for insurance purposes after an accident.
image source: sxc.hu
Tags: car insurance, home inventory, homeowner's insurance, Insurance, personal-finances, renter's insurance, yielding wealthRelated Stories
POSTED IN: Family finances, Insurance, Money advice, Personal Finance
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