home insurance in CT

Do You Have a Home Inventory?

As someone who is about to purchase or has just purchased a house, you know how important home insurance in CT is. However, that was only the first step. If you didn’t already create a home inventory, you should do so. You need to make sure that you purchased enough insurance to cover all your belongings should they get damaged in a fire or such. Furthermore, you should always have a list of all your personal property on hand so you know exactly how much you should expect to get reimbursed in the event of a loss. You need a current inventory to:

 

  • purchase enough insurance;
  • settle insurance claims faster; and
  • proof losses on your income tax return.

The best way to accomplish this is to start with one room and then move onto the next room. Go through every room, the attic, and the garage. Capture everything on video or take photos. Make a list of all items and describe them in detail as much as possible. Include purchase date and location, brand, purchase price, condition, replacement cost and current value. The more details, the better. Pay particular attention to valuable items and make note of any numbers or codes that could help identify them. Store this documentation in a safe place. It’s always smart to have a hard copy and a digital one in case one of them gets lost or destroyed.

This list needs to stay up-to-date to ensure you have the right amount of home insurance in CT. When things go wrong, you’re at least covered.

Insurance Risk Advisors