The importance of keeping a home inventory
While buying home insurance seems to be one of the best ways to protect your home and valuables, creating an inventory makes filing a claim much easier and efficient. For instance, if thieves broke into your Wayzata, MN home and made away with several items. How will you convince your insurance provider that you owned them? It can be tedious and time-consuming, which is why Pizano Insurance recommends creating and updating your inventory.
It makes filing a claim faster and easier
The last thing you want is a back and forth game with your home insurance company after a disaster strikes your home. What you need and deserve is a smooth transition that will help you get back to your normal life as soon as possible. Without an inventory, your insurance company may have a difficult time believing your word of mouth.
It helps you buy the right amount of insurance
How will you buy the correct amount of home insurance if you don’t know what you have? When you shop around for a home insurance policy in Wayzata, MN, very few companies can accurately estimate your home insurance value without calculating the value of your belongings. Therefore, you may end up over-insuring or underinsuring your home. Some companies can also take advantage of that fact and add coverages that you don’t need. However, when you have a correctly updated inventory, you can have a more productive conversation with your insurance company.
An inventory helps when applying for financial assistance
Following a catastrophic event, there is only one way to determine whether you qualify for disaster assistance or tax break—substantiating your financial losses. An updated inventory can be quite helpful in such a process.
Not sure where to start? Pizano Insurance can help you analyze your insurance needs and help you determine how to protect your possessions effectively. Call us today!