Whether you have just purchased a brand new home or have lived in it for awhile, it pays to go over your homeowners insurance policy. Meet with an agent from your insurance agency in Fall River at least once a year to make sure everything is up-to-date. There are certain things that your agent needs to know in order to make sure you are covered in the event of a claim. Home insurance in Fall River does more than just cover your home from damage caused by storms, fires, and accidents. The best home insurance policies also cover you for loss of items due to theft or other types of loss.
The only way that your homeowners insurance can cover you for these losses, is to list them in your policy. Report any personal belongings, family heirlooms, new purchases, and upgrades made to your home to your insurance agency in Fall River. Not sure how to go about it? Keep reading for some helpful tips from your provider of home insurance in Fall River and the surrounding area. If you ever have any questions about your policy or want to verify coverage, just give us a call. It is our goal to ensure that you have the best home insurance and coverage to protect your investment.
Keeping Track of Belongings
In the event of a fire or other type of loss, it can be difficult to remember all of the things that you owned and kept in your home. The best way to keep track of your assets is to create a home contents inventory. This is an itemized list of everything that you own, along with receipts for every purchase. It can seem tedious, but in the event of a claim, all of this information will be very helpful. Ask your insurance agency in Fall River about their recommendations for a home inventory checklist that you can use.
If you aren’t good at making lists or want to check out an alternate option, consider making a home video. Ask your agent about your home insurance in Fall River to find out if a home video is acceptable for your policy. It can be helpful to take photos and videos of everything that you own. Flat-panel televisions, home sound systems, computer equipment and peripherals – everything that you would need to replace if your home was a total loss. The best home insurance policy should include information about all of your valuables, not just the structure and property itself.
What is Covered?
Ultimately, the best way to answer this question is to speak with your agent. Homeowners insurance policies can vary, so your agent will have the most accurate answers. However, most home insurance in Fall River covers everything inside of your home. Even if you don’t keep a list and receipts for everything that you own, it pays to at least keep receipts for major purchases. Brand new bedroom or living room set? Keep those receipts! Upgraded your television and surround sound system? Put those receipts in a safe place.
Extremely valuable items should be written into your homeowners insurance policy as “scheduled personal property” coverage. This extends the basic coverage for things that have value beyond the limits of a basic policy. The best home insurance will cover everything that you own, so make sure to discuss your needs with your agent. Some of the items to include in scheduled personal property coverage include jewelry, musical instruments, fine art, silverware, and watches. Again, it is important to speak with your agent to ensure proper coverage for everything in your home.
Storing Your Images & Receipts
It won’t do you a bit of good to keep all of this information in a box inside your home, just to have that box also get destroyed in a fire. Once you record everything, save the images and information on a flash drive and store it somewhere safe. Keep it in a safety deposit box, at a family member’s home, in a drawer at work, or somewhere outside of your home. Thanks to advances made in technology, you can also store this information in private cloud storage for safe keeping. There are even software programs that can be used to help you document everything that you own.
Contact Paul Sullivan Insurance Agency in Fall River to schedule an appointment with one of our agents. We can answer any questions that you might have about your homeowners insurance policy to ensure that you have the best home insurance available to protect your assets. Give us a call at 508-678-9611. Located in Fall River, Massachusetts, Paul Sullivan Insurance Agency provides quality home and auto insurance for clients in the Southeastern Massachusetts region.