For all of us who play, work, or live in the Little Falls, MN area, it is a good idea to take stock once in a while. It is beneficial to reflect on our health, our fitness, and our finances. It is also important to take stock of what we own. No, it’s not because possessions are so important, but because taking stock provides valuable information.
When we take inventory of our personal possessions, it accomplishes at least two important things. It gives a sense of how much it would cost to replace what we have accumulated, and it better protects our ability to document replacements in such a loss.
When you begin to add up what it would cost to replace every pair of shoes, each item of furniture, your collectibles, clothing, appliances and other possessions, you may realize you do not have enough protection when it comes to the “contents” portion of your homeowners insurance. Even if you do, an inventory can provide evidence of what you claim in a loss.
In a perfect world, you would have receipts for everything you have purchased. Reality is, you probably don’t. But by going through your home and taking inventory, even using your best recollections, can be helpful. In addition, a video of each room and closet of your home can also provide documentation.
If you decide to document items, go room by room. It is a process that could take days. But it is a process that can pay big dividends in a claim.
If you are unsure of your coverage, contact us at Hanneken Insurance Agency. We are an independent insurance agency serving the Little Falls area. We can review your policy to assure you of your current coverage. If you need more coverage, we can get you quotes. In fact, you can get a homeowner’s insurance quote online from our website.
It might be time for you to take stock and conduct a home inventory. Then make sure you have the needed coverage by contacting Hanneken Insurance Agency.