One very important aspect of a policy is the inventory list. It may seem tedious when you make the list, but it can really come in handy when it comes time to file a claim. The list will make the claims process go more smoothly and will give you a much better chance of getting the proper reimbursement for your personal property.
Here are a few tips on how to make a good Nebraska homeowners insurance inventory list.
Make the List Carefully
Making your inventory list will require some tedious note taking. You will want to make a list of everything that has value. In addition to writing every thing down, you will need to note where it was purchased, how much it is worth and possibly even write down serial and ID numbers if they exist. It would also be a great help if you had receipts for these items.
Once you have made the list, you should act like Santa Claus and check it twice. Make sure you didn’t leave anything out that you would want to be reimbursed for and make sure you have as much information on each item that you can get.
Organize the Inventory List
As you are making your list and compiling the information, you should keep your policy in mind. This will help with itemizing all of your possessions. Your policy will have categories to help separate out clothing, jewelry, appliances, and so on. It will also help streamline the process if you have your list organized in the same manner.
You can also organize your list by rooms in the house. Many people cross-list items by putting them in a type category along with what room in the house the items are normally kept. This can help greatly when trying to locate items if only a room or portion of your home suffers damage. Remember to make sure you get every room, including storage closets, children’s rooms, attics and basements.
Protect Your Inventory List
Once you have your inventory list completed turn a copy in to you insurance company and keep a copy for yourself. This copy should not just be stuck in a filing cabinet or drawer somewhere; it needs to be protected. There are two really good options for protecting the list. You can put it in a safety deposit box with other valuables at a bank. Or you can put it in a waterproof plastic bag and lock it in a waterproof, fireproof safe—though the best option is probably the safety deposit box at a bank.
Keep Your List Up-to-Date
Your inventory list will require an occasional update. If you make a large purchase, you should update the list as soon as possible. It is also advisable that every 6 months, or at least once a year, you go over the list again. This way you can add clothing, jewelry or any other belongings you have gained since the last review.
Rate Quotes Each Time You Review Your Policy
At least once a year you should review your policy. This means updating your inventory list, but also making sure that your policy still fits your needs. If you have made home improvements or added a significant amount of personal property, you will need to make a few changes.
When reviewing your policy, get some rate quotes to make sure your current provider is still offering you the best rates or at least competitive rates. It takes only a few minutes and you may find that as your needs have changed, so has the Nebraska homeowners insurance company that can serve them better and cheaper.