Are You Adequately Insured?
Are you adequately insured? Do you have a record of your possessions, in case they are destroyed by fire or stolen? The Hibbing Fire Department suggests you take time to itemize your possessions and include purchase price, date of purchase, replacement cost and appreciation. Without a detailed home inventory, processing and collecting an insurance claim can be difficult.
Photograph all your possessions and write a description for larger, valuable items. Be sure to itemize each room. Keep the inventory list, photos and receipt together in a safe location to prevent loss by fire or burglary.
Some items usually forgotten in a household inventory include: books, records, pillows, plants, towels, vacuum cleaner, brooms, toys and games, holiday decorations, office supplies, lawn and garden supplies, bikes and recreation equipment. These may seem insignificant now, but it would be very costly to replace them all.