Why Do I Need a Home Inventory? Or Will I Regret Putting this Off for
Later? By Richard Berroa
Do you remember the Boy Scouts motto? Well if you don't it's ok; the
scout motto is "BE PREPARED". While noone will debate Hurricane Katrina
could not be avoided, the flooding afterwards is currently being debated
as to whether or not that could have been avoided. What could you have
done if you were one of the unfortunate ones caught in the hurricanes'
path of destruction?
If you had remembered the Boy Scouts motto you would have had a home
inventory stored in a safe and secure location far away from your home.
What is a home inventory? A home inventory is document that includes
pictures, documentation and information about every item in your
household. The reason you need this is best explained by the following
"Having a home inventory is one of the best ways to maximize your
insurance dollars," says Insurance Infrmation institute spokeswoman
Jeanne M. Salvatore as quoted By Don Oldenburg Washington Post: Tuesday,
January 25, 2005; Page C10
In other words as your insurance policy says, you may have to prove what
you have lost. So if your home was destroyed by a Hurricane, fire or any
other cause; when you file your claim you are going to have another
heartbreaking experience in trying to get paid for your losses because
you can't prove what you lost unless you have a home inventory that will
smoothen out the claims process and maximize your claim, as Ms.
Salvatore mentioned.
"People make three common mistakes. The first one is not buying flood
insurance. The second one is not insuring a home to its full replacement
cost value. And third is not having a home inventory. You can get free
home inventory software at Insurance Information Institute." from the
transcript of Carolyn Gorman Vice President, Insurance Information
Institute live online Tuesday, Sept. 6, at 1 p.m. ET to take questions
and comments about coverage for damage claims caused by Hurricane
Katrina: Tuesday, September 6, 2005; 1:00 PM Washington Post.
Don't be caught unprepared, prepare for the unexpected. It's the reason
you have insurance and if you have it you should do everything in your
power to get the most dollars for your claim. Don't procrastinate any
longer, this preventative medicine is worth it's weight in gold. Get
your home inventory now www. iii.org provides free software for you to
do it on your own or your can contact www.myhiss.com, they are a home
inventory service that will provide you with everything you'll need in
case of a disaster. Not only will they inventory your home and it's
exterior but the will also digitize all your important documents for you
(deed to your house, passports, legal papers, etc). Preparing makes
sense, get ready now!
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