Wednesday, February 22, 2012

Prepare for Disaster with a Home Inventory

According to the California Department of Insurance, almost 90% of homeowners and renters do not have earthquake insurance. But just having insurance is not proactive  enough. To fully prepare yourself for a disaster, and the insurance claims that follow, you must create a home inventory.

To help, the California Department of Insurance has prepared a free home inventory guide
available at http://www.insurance.ca.gov/. Some recommendations:

1. Use a digital camera to catalogue your possessions and document their values. Photographs of household goods are especially helpful when an item is difficult to describe on paper, or if a purchase receipt cannot be obtained.
2. Label photographs with information about each item.
3. If a video recorder is used, commentary about each item should be included.
4. A copy of the inventory and supporting documentation, such as receipts and model numbers, should be stored in a safe place, such as a safe-deposit box, work office, or a relative's house.
5. These records should also include financial documents such as insurance policies and mortgage information.

You should create a home inventory even if you don’t have earthquake insurance. Review your homeowners' insurance policy with your agent to protect yourself against all disasters, including fire and theft. Determine if you have sufficient coverage limits for your dwelling, personal property, and any expensive items, such as antiques, jewelry, or valuable collections.

Since insurance companies set low limits on the kind of possessions they know will be expensive to replace, you may need to add a rider to your home, condo or renters insurance policy. It’s a bargain- for example; a jewelry rider is only $150 per year per $10,000 of coverage. Your home inventory will come in handy for itemizing jewelry and other valuables you most want to protect.

For earthquake insurance, call Connie Prince at Allied Brokers. Connie is an expert in life, home, auto and umbrella insurance. She holds licenses in health, fire and casualty and is a Silvar Affiliate Member.

To learn about insurance riders, call Chris Falcon at Allied Brokers. Chris specializes in personal insurance lines such as home, auto, umbrella, fire and casualty. His in-depth knowledge and years of industry experience will help you protect the things you cannot afford to lose.

Visit our website at http://www.alliedbrokers.com/ for information about all the types of insurance we offer. Or call 1-888-505-7988 for a free rate quote.

No comments:

Post a Comment