When you purchase home insurance for your house, you may automatically think that your policy will protect everything that you own and have inside the house. While this may be the case in some situations, it is not in others. You can, however, make sure that everything you own is protected by your home insurance by following these steps.
Take a home inventory
The first thing you should do is take an inventory of everything you own in your home. You can do this by making a list of everything you own, but you could also take pictures of the things or take a video of your things. After doing this, you should add up the value of these things by calculating how much it would cost to replace everything you own. When you do this, you can determine how much coverage you should have for personal possessions.
Home insurance policies typically offer coverage for several things. One thing is for the structure of the home, and this is a vital part of home insurance coverage because things can happen to homes. A fire, for example, could destroy your home, but it would be covered by your home insurance through the structural coverage you have on your policy.
Personal belongings are another category of coverage with home insurance, and you can tell your agent how much of this type of coverage you would like to have. You can also prove that you need this amount by giving the agent your list of personal possessions, as well as your video and pictures.
Take note of anything that might not be covered
When it comes to the coverage of personal possessions with home insurance, most policies exclude coverage for certain types of items, and these are mostly items that are extremely valuable. Jewelry is a perfect example of a type of item your standard policy might not cover. If you own a lot of expensive jewelry, you should talk to your insurance agent about getting coverage for these things. You can typically do this by adding a rider or endorsement to your policy in the amount of the value of these extra items.
Having enough home insurance is important if you ever need to file a claim after a loss of any kind occurs with your home. To learn more about other types of coverage with home insurance, talk to an agent in your area.