Though your homeowners insurance policy provides the protection that you need in the event of a loss such as a fire or burglary, your policy can only pay for items that you can document. In order to assure that all your prize possessions will be replaced, you should conduct a home inventory so you have a finite record of everything that you own. This inventory will assist you in determining which items were destroyed or stolen.
To complete a full home inventory, walk through every room in your home and identify all of the contents. It is also wise to take photographs or make a video of all of your possessions, and keep this media documentation with your list. Then, place all of this information into a fireproof safe or safety deposit box at your bank.
Periodically, update this list as you purchase more items for your home.
With ever-fluctuating home values, are you confident your homeowner’s insurance policy limits are enough to cover the cost of rebuilding your home, should the unexpected happen? As a homeowner, you need to protect your investment. The following tips will help you ensure you have the coverage you need—eliminating worry and additional hassles.
Make sure that your home has sufficient coverage on an annual basis by contacting SIA Group to review your policy limits. Let us know if you’ve remodeled, made an addition or purchased an expensive item for your home.
We also need to know if you’ve made a major lifestyle change—for example, if you’ve gotten married or taken in an elderly parent who owns expensive heirlooms. With these lifestyle changes may come new items that need to be accounted for in case of a loss.
Read your policy to determine what exactly it cover
With the warm summer weather here many homeowners enjoy throwing parties for holidays or special events. However, individual homeowners do not think about the insurance coverage they may need with throwing get-together. Guests who are injured may need to file an injury claim if their vehicle is damaged, fall down or if a pet bites them. Research shows that roughly 75% of adult homeowners who plan social gatherings in their homes do not have a personal umbrella policy. This makes them more vulnerable to lawsuits stemming from guests who suffer injuries. The same research study showed that the remainder of the homeowners surveyed did not know what type of coverage they had. This means it is likely that the percentage of homeowners who do not have adequate coverage is more than 75%. However, they should have this extra coverage to protect themselves from lawsuits. Although dog bites and falls are common, alcohol is one liability issue that is often overlooked but is very risky.<
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Technology is playing a major impact on every corner of consumers’ lives. Technology is also helping consumers in their everyday lives, especially in their homes. Coldwell Banker’s conducted a survey among American buyers, and released a list of most important smart home technology features. These are 10 examples of top picks:
1. Kevo Smart Lock Americans can do just about everything with their phones, and unlocking doors can now be added to the ever-growing list. With this technology, people can specify times for unlocking the door remotely. This allows realtors, cleaners, neighbors and other permitted parties into a house at a specific time without a key.
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