Insurance agents get asked this question all the time. Typically, it’s asked with a skeptical tone, as though the insurance company might try to pull a fast one at claim time by not coughing up enough cash to cover the loss.
You do not need to provide a list or inventory to purchase a policy, but you must furnish one in the event of a property damage claim. Either way, it is highly recommended that you create a list of your contents early and update it often, unless you want to be at the mercy of a claims adjuster. And while photographic evidence of your home’s contents is not required for a claim, it’s a smart move to do so to ensure proper reimbursement. Just don't try to collect for your 18 karat gold toilet plunger, you may be asked to show proof of that particular purchase.Why Make an Inventory?
Real quick, grab a pen and piece of paper. Now write down all of the contents of your smallest closet. When you have finished, go into that closet and see just how many things you missed. Those are the items the insurance company will not pay you for in the event your home burns down and you are asked to... Read More