AAA: Having an Inventory Checklist Can Help Homeowners Avoid a Headache

When it comes to preparing for a disaster, most people have forgotten one very important thing. Research shows that more than half of American consumers don’t have an inventory of the possessions they’d want their insurance company to replace in case of a fire, theft, or other disaster. If you are one of these people you can fix this issue in a couple of steps. First you should grab your camera and record a tour of your home, make sure to record things you want the insurance company to replace. Pull copies of sales receipts and any other documentation. Store your home inventory and related documents in a safe and easily accessible place, including online, with family or friends, or in a safe deposit box. Add up the replacement costs for all of those items to make sure you have enough insurance. Double check, because not all policies won’t cover the actual replacement costs. Creating a simple home inventory helps you track what you own and what it’s worth. It can be invaluable in deciding how much insurance coverage you need, to say nothing of ensuring you are adequately protected if you ever need to file a claim.

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