Before you look in-depth for a good insurance policy for your home’s needs, it’s wise to asses the total value of your belongings and then search for a good insurance agent to discuss the details with. Think about the items that could be lost in a disaster, and assess their value. When you have gathered this information, store it safely.
Check the provisions for “due diligence” on your homeowner’s insurance policy. If you have neglected to keep up with regular home maintenance, your insurance policy may not cover the problems that result from that negligence. Check with your insurance agent about what types of documentation is required to prove you have been doing the maintenance.
As your needs change, reevaluate your homeowner’s insurance policy. Check your policy a second time to make sure that you account for everything. If there are certain individual items that should be covered, you can have individual riders requested to be sure these items are protected.
Photograph all of your valuable items. It may sound arduous, but you are only sure to recover your losses if you can prove to the insurer what you owned and what things were worth.
When you are dealing with homeowners insurance keep in mind that some insurance companies will actually lower your premium if you get your mortgage paid off. They will think that since you own the home outright you are more likely to take better care and pride in your home.
An insurance agent is sure to provide you with a large menu of coverage options. Giving your agent a list of your items and their values helps determine what coverage you need. Offering such a list in advance is also a good way to demonstrate what you actually own, in case you must file a claim later.