As we close out one year to welcome another, there’s plenty to get excited about. The warm spirit of the holiday season; the exchange of gifts among family and friends; the chance to ring out the old habits and ring in the new. It’s a time for celebration, togetherness and renewal.
Most of us have two simple wishes – to spread joy for the holidays and start the new year on the right foot. However, forget to update your home inventory after the holidays, and both wishes are at risk. Imagine losing the gifts, the joy and the holiday spirit – with nothing to prove you owned a potentially valuable item in the first place.
You can give a lot this holiday season, so give yourself the gift of peace of mind. Update your home inventory after the holidays.
Why update your home inventory?
Your home insurance claim is based on a master record of all your possessions. An up-to-date document of your belongings helps you create proof of loss in the event of a fire, break-in or natural disaster. An out of date home inventory – on the other hand – puts you at risk of losing full protection on your claim. An updated home inventory is a smart way to protect the heartfelt keepsakes you never want to lose.
Appraise your valuables.
It’s always a warm feeling to unwrap a package to a special surprise. Jewelry, collectibles, antiques and family heirlooms – these special gifts are valuable not just in dollar amount but also personal sentiment. Our advice – get them all appraised to document their worth. For extra protection, pass the appraisals along to your insurance representative to separately insure those potentially priceless presents.
Update your digital inventory.
Our world is digital. You always want something digital to document your newly acquired items. Snap photos with labels of important details about the gift. Maintain an ongoing list with an online software program. Narrate the information over a video recording. Your goal is simple: make your new home inventory digitally available and easily accessible.
Put it in writing.
Paper is important, too. Copies of receipts, appraisals and even handwritten notes can all help to further protect your home inventory against loss. Write down a general description of all your new holiday items and include specifics like cost, brand, model and serial number. The more detail the better – and no item is too small to put in writing.
Keep your home inventory in a safe place.
A fire or natural disaster can just as easily wipe out your home inventory itself. At Grillo Insurance, we recommend storing a copy of your inventory someplace safe – in a safe-deposit box or with a trusted family member or friend. If you have digital files, then back them up to an external hard drive or CD – and keep those securely away from home, too.
Stay up to date.
There are plenty of New Year’s resolutions we do once and never again. Don’t make updating your home inventory one of them. As you acquire more items – especially items of high value – continue to update your records throughout the year. It’s always better to be safe than sorry.
Is your current homeowners or renters policy right for your individual needs? A Grillo Insurance representative is always here to help you find the right coverage for you. Contact Grillo Insurance and get a quote today.