Calculating Contents Coverage

How much stuff do you have at home?

How much would it cost to replace it if your home was destroyed?

Many homeowners underestimate the value of our contents. In fact most homeowners recover about 60% of the value of their contents after a covered loss due to underestimating and lack of documentation. It's easy to solve this problem with a few simple steps:

1. Estimate the value of your contents. Here's a link to a estimator that takes less than 5 minutes to complete. Compare the amount of coverage you have with the results and determine if you need to make a change. Remember - most policies have special limits on valuable items. Discuss scheduling valuable items with your insurance agent.

2. Take a video on your phone while you walk through your home room by room, opening drawers and closets while you do. Take some still photos of valuable items and capture serial numbers when you can. Save this to your personal cloud drive. This will be a good memory jogger when you need it. Don't forget your storage room and garage. 

Bonus Points - use a home inventory tool - I like Encircle. Easy to use and free on iPhone and Android. Here are the links to the app:

iPhone

Android