MA Home Insurance Inventory Archives

Massachusetts Homeowner Insurance

Whether your homeowner insurance is renewing or if you’re starting a new policy, following is a list of things to consider:

Do you own jewelry, furs or watches with values over $1,000?
Do you own silverware with a total value of over $2,500?
Do you have a collection of valuables, including: coins, stamps or other?
Do you own any of the following: Musical Instruments, Fine Arts or Antiques, Camera Equipment, Sports Equipment, Personal Computer?
Do you own a boat?
Is there a trampoline on your property?
Do you have any tools, equipment or other property used in your business or occupation?
Would you like your insurance to provide: Replacement Cost Protection on your Dwelling, on your Personal Property, Credit Card/forgery protection, Ordinance or Law coverage, Earthquake coverage?
Flood is not a covered loss on a homeowner policy. Would you like to obtain rates for flood insurance? Also excluded from coverage are such things such as: rot, mold, mildew or animal/vermin/insect damage.
Are you interested in receiving information on: Auto, Life, Excess Liability (Umbrella), Boat or Business Insurance?

MA Home Insurance Inventory Checklist

The homeowner insurance policy is one of “utmost good faith”- meaning that each party involved in the insurance contract (client, agent & insurance company) is acting in good faith and that everyone trusts one another.

At claim time, anything you have in the form of receipts, detailed descriptions, appraisals, inventory listings, video etc., can be extremely helpful.

In the old days, we recommended our clients fill out a home inventory checklists — send us a copy, and keep another copy in a safe, fire-proof location. Checklists can still be helpful but now -even better- is video. If you video your home and belongings and store in the cloud, at claim time, you should have no problems.

Another site sponsored by the Insurance Information Institute (https://www.knowyourstuff.org/iii/login.html) offers free, online inventory and checklist software/app.

If you would like a free, home insurance inventory checklist, please call or click us today!

HomeownerQuote.com: Your Online Independent Massachusetts Insurance Agent!

Claim Time: Home Insurance Inventory

A home inventory list of your belongings including item description, make, model, serial number, value, and purchase date can be a huge help to everyone at claim time.

You can create your own list using a spreadsheet or fill out a home inventory checklist.

Consider a Visual Record of your personal property.

A visual record reflects proof of ownership and can be accomplished with video walk-through or series of photographs.

Document Thoroughly

Your home inventory will help you at claim time whether you have a total loss by home or fire or if it is a theft of a few items. The more thorough you’ve documented your possessions, the easier the claims process should be.

A good way to start is to move from room to room, listing items as you go. Don’t forget to include basement, attic, garage, and detached structures.

Pay special attention to your most valuable possessions, such as antiques, art, jewelry, collectibles, and electronic equipment. If you have any questions about which items are covered, call your insurance agent!

Keep items such as: Receipts, credit card statements, & appraisals

Once you’ve created your home inventory, make sure to update it as you acquire or get rid of items over time.

Keep Your Home Inventory Safe

Don’t let your home inventory become part of a property loss. Whichever inventory method you choose, it’s important to keep a copy in a bank safe deposit box or other secure location away from your home.

Forward a copy to your Massachusetts homeowner insurance agent.