Getting Ready For Hurricane Season

Insurance companies advise homeowners to have a current inventory of their assets. If you do not supply your insurance agent with an inventory - there is the possibility that you may be over or under insured, or you may not have the correct type of insurance. Many items such as cameras, firearms, and jewelry are only covered up to a certain amount and require a separate policy to be fully covered.

Insurance companies require "proof of loss" before settling a claim. If you have an up-to-date inventory - you will have that proof.

Be prepared for Hurricane season and other disasters - create a detailed asset inventory list and a "walk through video" of the home or business, and digital photographs of your home or business property and individual contents. You can also scan receipts, insurance information, and other important documents for transfer to digital medium for safe storage.

A good idea would be to store this information in a safety deposit box.

In the event of a fire, hurricane, or theft you should be able to recover financially by receiving a quick settlement from your insurance company. Having an updated inventory eliminates the burden of proof insurance companies require before settling a claim.

Last Updated (Saturday, 23 May 2009 19:23)