Do You Have Home Contents Insurance?

Home is where the home theater is. It’s also where the movies come to your mailbox and where your popcorn gets popped. You’ve set it up just the way you want it and you’ve purchased home contents insurance to protect your valuables against loss from fire, windstorm, lightning strike and theft—right? You’re definitely covered for the cost of replacing your personal property, including that new home theater, if something happens to it tomorrow? Maybe you’d better check.The way to be sure you’ve got sufficient home contents insurance is to make a detailed inventory and keep it updated. Start by going through your home and making a list of your jewelry, clothes, fine art, collectibles and home electronics—anything not considered a permanent part of your home’s structure. Note from where you bought each item and its make and model, if applicable. Copy the serial numbers of major appliances and electronic equipment. Take photos of and/or videotape the items, too. Then, at the Insurance Information Institute’s Know Your Stuff website (www.knowyourstuff.org/) you can download software to make an easy-to-use home inventory. Hopefully, you’ve saved your receipts or credit card statements showing what you paid for these items, when they were purchased, etc. […]

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