Why do insurance companies recomend a home inventory?

Why do insurance companies recommend their policy owners make an inventory of their personal assets? Many have website helps for them to use in documenting the home and the many items that would be listed on a claim should a fire, storm or theft occur. Here are a few of the benefits for both the homeowner and the insurance company.

Benefits to the insurance company:
1. Policy coverage adjustments are identified
2. Easier claim processing
3. Satisfied customers

Benefits to the homeower:
1. Proper insurance coverage is identified
2. Faster and easier claims settlements - no time consuming list making or hunt for proof, no arguments on whether you had certain items
3. Maximize the amount of the claim settlement - records prevents omission of the forgotten 20% of property from your claim
3. Peace of mind - once completed and stored offsite, you can easily update the inventory as needed and pull it out to provide all the documentation needed for insurance claims, police reports or even estate plan execution

What is a home inventory?

Simply, a home inventory is a detailed list of the personal property or assets located in your home, including pictures. You should also include property that you have stored elsewhere, perhaps in a garage or storage shed. A comprehensive inventory includes purchase/appraisal details and provides valuable verification of proper insurance coverage and settlements.

With the stress of lossing your property, how well do you think you can remember all your valuables? Peace of mind is from knowing that you will have proof of what you lost.

Home Inventory Saves

Get the latest buzz about this new important service for homeowners! Recommended by insurance companies and financial planners, a home inventory offers the homeowner protection and peace of mind by providing a detailed record of their personal property to maximize and simplify insurance claims.

Recent natural disasters and media attention has raised homeowner awareness of the importance of a home inventory but simply don't have the time or paience to perform one themselves. Now professional and confidential service providers are available. For people in the Greater Atlanta area, check out website: www.record-ithomeinventory.com

What would you do if your home was destroyed by a fire or storm? Submitting claims quckly and accurately can mean saving thousands of dollars.

Full Insurance Protection

Hurricanes, fires, and floods have hit many times in the last 100 years. Hurricanes, storms and fire damage come unexpectedly. It’s a good idea to get an insurance policy which offers additional coverage to protect your property from any damages from floods, fire or theft damage should any of these occur. This extra coverage may seem like an added unnecessary cost, but in the end cause it’s a small price to pay to have peace of mind knowing your home is covered.

When looking for coverage you will want to make an inventory list of everything in your home. This will help you to identify all of your valuables and give you a ballpark range for knowing how much coverage you need. After completing an inventory of your personal property, decide on the type of home insurance policy you want.

Home Inventory Business on The Rise

A crisis for any homeowner is a fire or theft. And it does not have to be a major occurrence to be an emotional and monetary setback for the victim involved. The mind "floods" with thoughts that conflict and at the same time hope for the best in trying to remember what items were involved. Claims need to be filed. Will I remember all the valuable items to put on my claim? Is my homeowners policy sufficient to cover my losses? Do I have replacement cost or only actual cash value in my policy? This is no time to be in turmoil. An inventory of my home would have given me peace of mind. I wish I had listened to my neighbor who had Record-It Home Inventory do a complete inventory of their personal property. They said I should have one done, but I didn't listen. I always thought this kind of thing only happens to other people. Well, I was right in one sense - I found out the hard way I'm the other person.