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Homeowners insurance does more than simply cover the cost of repairs to the structure—it also protects the items you keep inside the house. This includes furniture, clothing, food, electronics, and anything else you use in your daily life. However, the policy can only cover items up to the specified coverage limit. Without performing a home inventory, you’ll have no way of knowing whether you’re underinsured. Custis Insurance Service in Sheffield Lake, OH, explains why conducting a home inventory is vital to ensuring you have the right amount of insurance.

They Help You Get the Most Money Back

When you conduct a home inventory, you’ll want to make note of the dollar value of each big-ticket item in your home. This will help you better understand just how much money went into your home’s furnishings and equipment.

Homeowners InsuranceThis way, should you ever need to file a claim, you’ll know just how much each item is worth and can pass the information to the insurance company. When they know how much you spent on each item, they can more easily give you the appropriate amount to cover a suitable replacement. Without an accurate inventory, both you and the insurance company are forced to make an estimate.

Situations Change Over Time

Your insurance needs will change the longer you live in your home. After all, you’ll acquire new items that can add to the amount of homeowners insurance you really need. By taking a new home inventory each year, you’ll be better equipped to assess your current homeowners’ insurance policy and ensure that it meets your needs. The more consistently you upgrade your coverage, the lower your risk of being underinsured.

It's Easier Than You Think

The thought of inventorying your entire home may feel daunting, but it’s easier than you may think. Rather than tackling the entire house in a day, go room by room and create a list of the items you need covered. Once you have an existing inventory, you can update it periodically as you acquire new belongings. Maintaining this list will make it easier to review your insurance needs each year.

Whether you’re looking to update an existing homeowners insurance policy or want to get a quote for auto insurance on a new vehicle, the team at Custis Insurance Services can help. Their experienced agents will work with you to find the best policy for your needs at a price you can afford. Learn more about their services online and call (440) 949-­7171 for a free insurance quote today.

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