When you undervalue your home contents in Centennial, Colorado, you run the risk of not being able to replace items if they are destroyed in a fire or other disaster. Many people do not really understand how to inventory their homes to calculate the value of their items. One easy way to make sure you have enough insurance coverage is to talk with your independent agent. These professionals will help you list items in your home and determine the amount of insurance you need.
Before you purchase a home or renter’s insurance policy, you need to take inventory. Go through each of the rooms of your home and write down or take pictures or videos of the items you would want to replace if they were stolen or destroyed. This includes high end electronics, video game systems in the kids’ rooms, and expensive appliances in the kitchen and heirloom jewelry. When speaking with your independent agent, make sure you ask for replacement cost coverage and not actual cash value. When a disaster strikes, you do not want to worry about the depreciation of the items in your home. Instead you want to be able to go out to the store and replace the items quickly.
If you believe you have undervalued the items in your home, it is time to talk with an independent agent in Highlands Ranch or Englewood today. The increase in your insurance premium will not be significant, but the peace of mind you will get knowing your items are covered will be priceless. Although it is easy to calculate the value of the structure of your home, it takes a little more work to calculate the value of your contents. It is worth the time and trouble to accurately insure your home so you are ready for anything.