05 Apr 2018
Why It’s Important to Have an Updated Home Inventory

Here’s why you should update your home inventory this spring.

While you might be ready to get cleaning this spring, there’s another household activity that you should complete this season.  This spring, you should make sure that you update your home inventory.  A home inventory is a comprehensive report of all the personal belongings you keep in your home.  While updating your inventory might seem like a drag, this is an important task for you to undertake.  Here are some of the reasons why it’s helpful to have an updated inventory on hand.

1) One of the reasons why you should update your home inventory this spring is that it can help you determine the replacement value of your belongings.  Because most homeowners insurance policies only cover the cost of stolen or damaged possessions up to a certain dollar limit, knowing how much your possessions will cost to replace can help you determine whether your policy is offering you the coverage that you need.

2) Another reason why it’s a good idea to have an updated home inventory is that is can help you take stock of your possessions after a burglary, fire, or other devastating event.  If you ever find yourself in a situation where you have to file a claim for missing or damaged items, you can use your inventory to determine which belongings you need to file for.

3) Finally, having an updated home inventory will actually speed up the claims process if you suffer a major loss.  Following a big loss, your insurance provider will likely ask you to provide a copy of your home inventory.  Rather than having to rush around and remember everything that is in your home, it will be much easier and faster to have your inventory ready to go.

These are some of the reasons why you should update your home inventory this spring.  Are you looking for more assistance with your homeowners insurance?  Then don’t hesitate to contact the experts at Patterson & Associates in Richardson, Texas.  Our experienced team is ready to get you the coverage that you need today.