Do you know what you have in your Wisconsin property? Can you prove it?
In the event of a loss, you are going to be asked what you have for replacement purposes. Conducting a Home Inventory is the best way to ensure you have the coverage you need.
Here are a few helpful hints:
Take detailed photos of every room in your home
Photograph valuables against a white background
Place a common household item next to valuables as a size reference
Take photos of the serial numbers of your appliances
Store digital copies in a safety deposit box, in your home and at your office
Use video to document the same details
The most time consuming task would be conducting a Home Inventory Checklist which itemizes all possessions (including item description, date purchased, quantity, current value, purchase price and retailer’s location). Also, you may want to purchase extra coverage on the valuable items in your home, this will require an appraisal.
Information provided by Pam McCarthy, FWG Insurance
Pam would know, being in the insurance business. Personally, it sounds like a painful process. Has anyone done this for their properties and if so, do you have additional tips? A computer program to recommend?
photo credit http://www.flickr.com/photos/jeffedoe/345785593/