Here’s how having an updated home inventory can help with your homeowners insurance.

While most homeowners associate spring with cleaning, there’s another household task that you should complete this spring. You should take the time to update your home inventory. A home inventory is a detailed list that records all the items in your home and what it would cost to replace these possessions. While updating your inventory is certainly tedious, it is still an important task, as it can help you with your home insurance. Here’s why having an updated home inventory is important for your homeowners insurance.

  • Having an updated home inventory can help you determine whether your homeowners insurance policy is offering you enough coverage. Most standard home insurance policies offer coverage for your personal possessions. However, this coverage has limits. Normally, you want your policy to cover about half of the value of your belongings. That’s why having an updated inventory is so essential. Once you have a clear understanding of how much your belongings are worth, you can determine whether your policy offers enough coverage to meet your needs.
  • Having an updated home inventory can also help you take stock of your possessions after dealing with a fire, burglary, or other devastating event. If you face such a serious situation, you will have to file a claim for the belongings that are damaged or missing. Using your updated inventory as a checklist, you can ensure that you do not miss any of your belongings on your claim. Ultimately, having an updated inventory will make the claims process easier and far less stressful.

These are some of the reasons why it’s important to have an updated home inventory.  Do you have further questions about your home inventory or home insurance in general?  Don’t hesitate to contact us at Stromsoe Insurance in Murrieta, California.  We are ready to assist you with all your insurance needs.

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