When you secure homeowners insurance in Carrollton, Texas, your agent will advise you to keep a home inventory. However, this task is time-consuming and tedious, leaving many homeowners to wonder how important it is in reality? Here’s why homeowners are encouraged to create and update their home inventory.
What Home Inventories are Used For
Having an updated home inventory is essential to managing your homeowners insurance. This is because your inventory is a comprehensive list of all the items you own. In the event of an emergency, you can reference your inventory to see which possessions you need to file a claim for. Your inventory also documents the value of each item, which helps you secure an adequate amount of personal property insurance.
How to Create a Home Inventory
What to Do After Creating a Home Inventory
After creating your inventory, you need to make several copies and keep them in secure locations. For instance, you should keep a physical copy in your home and a digital copy on your devices. This way, you can access it immediately following a claim event. You should also ask a trusted family member or friend to keep a copy of your inventory so you can access it if your home is completely destroyed, and you cannot reach any of the copies you have stored in it.
This is why homeowners need to create and update their home inventory. Do you have further questions about your homeowners insurance in Carrollton, Texas? If so, then contact the experts at Mike Leonard Insurance Agency. Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.