Wednesday, July 1, 2015

Documenting Your Possessions

If you’re like most people, your home is probably full of stuff! And, some of that stuff is likely quite expensive. All of your items, expensive or not, mean something to you, and unfortunately, all of them are at risk of being stolen or damaged in a property crime, such as a burglary.

The good news is that your homeowner’s insurance can cover the value of any damaged or stolen items...as long as you have documented proof that you owned them in the first place.

The easiest way to get that proof is to take a date-stamped video at least once a year, or better yet, every six months. A video will show exactly what items you had, that they were in your home, and when you had them, making the burden of proof easy on you.

If you’re new to taking insurance videos, follow the simple tips below:  

l  Tape the contents of each room in the home
l  Zoom in on bar codes/serial numbers and other identifying information
l  Tape the landscape and exterior of your home in case these are damaged
l  Create a backup copy of the video and keep it somewhere outside of the home

If you follow these tips, your video should be of great help to you and your insurance provider. The easier the process of pricing your items and determining what you are owed, the sooner you can get reimbursed for your losses.