How Often Should I Revise My Home Insurance Inventory?

An insurer like Pritchards and Associates, Inc. can only protect everything inside your Okeechobee, FL home if they know what’s inside your home. This means that you need to keep an inventory and update it every now and then so that your agent can adjust your policy to cover all your new stuff. There are essentially two points of an update to consider:

  • Whenever you’ve made a large purchase. New fridge? New TV? Take some photos, get the receipt, and let your insurance agent know. Whenever you make a big purchase, it’s a good idea to update your insurer at your next convenient moment. It might not be a big deal to lose a brand new necktie a week after you’ve bought it, but to have a TV ruined in a small fire before you added it to your policy, that can be frustrating.
  • Once every six months to a year. A lot of our possessions are accumulative. That is, we don’t go out and buy a Blu-Ray collection worth a car payment, we buy one Blu-Ray disc at a time until it all starts to add up. This is what your annual or semi-annual checkups are for. It’s a good idea to document with both photos and videos. The video will catch things you might not think to include, and you’ll be glad you caught your sneaker collection on tape if you forgot to add those new Nikes to the list.

Your insurance provider is there to help you out in the event of a disaster, but they can’t cover you unless they know what they’re covering. If you’re still shopping around for an insurer in Okeechobee, FL, call Pritchards and Associates, Inc. or visit our office to get in touch and see what they have for you.