The top reason people purchase homeowner's insurance is for protection against the unknown. You can never know ahead of time if something will happen to your house, but you can have peace knowing that your home is protected through home insurance. After buying a policy or updating your policy, it is always a good idea to make sure that everything you own is covered and documented. Here are some tips to help you with this.
Add riders for items not covered
The only way to know if everything you own is truly protected with your policy is by asking an insurance agent. Because people buy new things each year, it is important to do this annually. When you hold a conversation with the agent, ask him or her about anything new you have bought to find out if it is covered. You should also discuss any items you own that are valuable. When you have valuable items, or if you buy anything new, you may need to bump up your contents coverage or add riders to your policy. A rider is necessary for any item that is worth a lot of money, as a rider will ensure that the item is covered under your policy.
Ways to document what you own
Secondly, you should document everything you own, just in case you ever lose the entire house and need to replace your things. One of the top ways you can do this is by videotaping your house and everything in it, and you can do this with your phone. The benefit of doing it with your phone is that you will never lose the video, as long as you have the phone or save it to a cloud. As you do this, go in each room of your home and video every last item, including all the items you have inside cabinets, drawers, and closets. Additionally, you could write a list of your things each year, just to have a second way to prove what you own. It really does not matter how you document your things, as long as you have them all documented.
You should update your policy every year, simply to make sure all changes in your life are reflected in the policy, and you should document the things you own when you do this. If you have questions about home insurance, talk to an agent from a company like Cypress Insurance today.