Renters insurance may seem unnecessary. But it’s much more important than you realize.
Although your landlord should be insured, this policy won’t protect your personal items if they are stolen or damaged. In the event of property damage or injury where you are found liable, your landlord’s insurance won’t cover this either.
Renters insurance provides valuable protection. However, to get the proper coverage, you need the right policy. The first step is to create a home inventory. This process will keep track of your belongings and determine your insurance needs based on how much these possessions are worth.
Located in Nashville, NC, Hedgepeth-Hutson Insurance Services Inc. lists six tips for conducting a home inventory.
Organize each area
Break your home into sections. Start with one room and move to the next to avoid getting overwhelmed.
Record basic info
List descriptions and what you paid for each item. Include sales receipts if you have them. Scanning or taking pictures of these receipts is a good idea.
Check serial numbers
Record serial numbers for electronics or appliances. If you need to make a claim, these will come in handy.
Group similar items
No need to list every item by itself. Lump low-cost items, like clothes or dishware, together. Assign a price for the entire group.
List valuables separately
Any expensive items must be included individually. This applies to any appraisal or documentation too. Some high-end belongings may not be covered, so check with an agent.
As you buy more stuff, make adding to your home inventory part of your routine.
Consult with an agent in Nashville, NC
Hedgepeth-Hutson Insurance Services Inc. understands that finding the proper coverage is important. Their experienced agents can help you find a renters insurance policy that best fits your needs.