Confirming Adequate Homeowners Insurance Coverage

Insuring Holiday Gifts Elmira New YorkScheduled Personal Property Coverage & Home Inventory Updates

The holidays have come and gone, which means it is important that you make time for insuring holiday gifts. Chances are, you have received or purchased a few things of value during 2014, which means it is time to update your home inventory and schedule any valuable items. Gathered are some helpful tips to guide you through this process:

  • If you have any new valuables to account for, it may be a wise investment to purchase scheduled personal property coverage. Scheduled items through this form of protection will receive optimal protection at replacement cost value. Items you should schedule include collectibles, fine art, jewelry, electronics, and any other valuables.
  • When was the last time your home inventory was updated? This includes both a digital and hard copy. It is recommended that you take a walk through your home with a video camera and record all of your belongings to fulfill your digital copy. Photo evidence is also recommended.
  • As for your hard copy, it is important that you obtain as much information as you can to complete your home inventory. This includes brand, model, serial number, cost, receipts, appraisals, and anything else you can think of.
  • Most importantly, the way you store your home inventory will determine the ease of your claims process after an incident. It is important that you have one copy in your emergency preparedness kit, another in a remote location, and the final copy with your insurance agent. Recovering after a disaster is never a walk in the park, but if you are prepared it will be significantly less overwhelming and stressful.

Are your new holiday gifts receiving the protection they deserve? Contact Perry & Carroll for all of your homeowners’ insurance needs.