Taking Inventory… and why you should !

"Taking Inventory… and why you should!"

An inventory of your household items and belongings is very important when it comes to homeowner's insurance. If you have to make a claim for stolen or damaged property you will be required to show proof that you did indeed own such an item or items. You'll be asked to give copies of receipts or other documents to support your claims.

This can be a laborious task, but it's best to go room by room and take notes and photos of all your belongings. Write down the Brand Name, Manufacturer, Model Numbers, Serial Numbers etc. Label photos correctly and date stamp them. Don't forget to keep the inventory in a safe place, such as a deposit box.
Also, make sure you give good written descriptions about your belongings, and don't forget items outside in your yard, shed, or outbuildings.

"Top Tips for Saving Money on Homeowner's Insurance!"

1. ONLY INSURE YOUR HOME

You don't want to insure based on the assessed value of your home because that includes
the land as well as the house. You only need to insure your home.

2. SAFETY AND SECURITY FEATURES

Most companies give discounts based on safety and security devices such as burglar
alarms, smoke detectors, sprinkler systems, fire extinguishers, dead bolts, window locks,
storm shutters and fire resistant roofing materials. Be sure to mention this when you
take out your policy.

3. USING THE SAME COMPANY FOR VARIOUS INSURANCE

If you have your car insurance and your homeowner's insurance with the same
insurance company it is possible to save up to 15% on your yearly insurance costs.

4. RAISE YOUR DEDUCTIBLE

Raising your deductible from $500.00 to $1,000.00 can save up to 20% on premiums
over a year. Over the course of several years, these savings can really add up.

5. COMPARE RATES WITH OTHER COMPANIES

The exact same policy can vary in price from company to company. Be sure to use an
insurance comparison website so you'll get rates from a number of different companies.
The quotes should be free and you won't be under any obligation to choose a policy.

6. ALWAYS ASK ABOUT DISCOUNTS

It doesn't hurt to ask about any other discounts that you may qualify for. It is possible
to get discounts for senior citizens, military, law officers, and single parents in some
cases.

7. PROTECT YOUR POOL

If you have a pool, make sure it is not easily accessible to a child who may inadvertently
wander into your yard. Some companies do not like in ground pools with diving boards
and could refuse to provide coverage.

8. USE THE INTERNET TO FIND QUOTES

By using the Internet to obtain quotes, you will have the chance to comparison shop,
which you wouldn't get if you went to your local insurance company. Being a well
informed shopper will save you extra money.


Remember though, the least expensive plan may not be the best buy for you! Make sure
the coverage meets your needs and that you carefully review your policy.