Do you know what you own?

Do you know what you own?

Posted 11/01/2019

by Harvard Western Insurance in

Let’s play a game.

Say I take away everything you own, and the only way you can get it back is if you ask me for it specifically. Would you be able to get back all your stuff? Well unless you’re a super genius with a photographic memory, probably not! It’s not realistic for us to remember every single item we own, but in the event of a claim, that’s what we have to do. If there’s a fire, or someone breaks in, your insurance company is going to ask you to list everything you’ve lost. Claims are stressful enough without having to remember every t-shirt, pair of shoes, DVD, and cooking utensil. But there are a couple ways you could make things a little easier for yourself.

Take Inventory

There’s no better time to do this than when you first move in! All your stuff is in boxes, organized (sort of) and easy to identify. Take a picture of your closet, or a video of you walking through each room. If you have a claim, you’ll be able to look back and see a general snapshot of what you owned.

Track New Purchases

We don’t mean every time you buy a new bottle of shampoo or 6 pack of socks. But if you purchase a new TV, mattress, or new blender, keep the receipts. Major or important purchases should have a record, that way if you experience a break-in and someone takes all your cool new things, you’ll have a record of specifically what brand, make, and model you purchased!

Insurance doesn’t know what you own, and if you can’t remember, it can be that much harder to replace it. By taking these extra steps you not only make things easier on yourself, but you also stand a better chance of truly getting your life back to the way it was before the loss occurred.

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