As a homeowner, documenting receipts and invoices for big-item spending on renovations or improvements is highly effective during a claim process.
You should ask your insurance consultant if your policy covers specific possessions separate from the house structure. For example, you may need a special rider/endorsement for valuable jewelry, electronics, fine art or other individual possessions contained inside the house.
Whether you are a tenant or a homeowner, taking pictures excessively is never a waste of time. Comb through your phone and other cloud media for past photos of your house, apartment and possessions. Take pictures of the furnishings and finishings in each room. Take pictures of important possessions, whether it’s a record collection, a big screen TV, or a treadmill. Put the pictures into the cloud for storage, or in a safe deposit box outside the house. Mobile apps like Stack, Expensify or Evernote are available for you to document receipts, categorize/tag your belongings and even to include home structure details.
Having a detailed list of all of your valuable belongings will also help you decide on your insurance coverage limit warranting that your aren’t underinsured.
Please contact your personal consultant at Park & Associates at (561) 994-0880 to discuss these matters in further detail.