When preparing to purchase a home owner's insurance policy, it's a good idea to assess the value of ...

1. When It Pays To Not Make A Homeowner Insurance Claim
When preparing to purchase a home owner's insurance policy, it's a good idea to assess the value of
the contents of your property before beginning a conversation with an agent. Keep an inventory of
each item in your home - this is vital if you need to replace everything in the event of a
disaster.Many times renters neglect to purchase renters insurance. In the event of a fire, for
example, you own belongings would not be covered under insurance your landlord carries. You need
a policy of your own for your things in case there's a burglary, fire, or flood.
Never just think about purchasing homeowner's insurance. Go out and do it. If you lack a
homeowner's policy, you will have no options if a natural disaster, theft or fire occurs. Many
mortgages require you to take insurance, so be sure you understand your responsibilities.
Inventory your home to ensure your claims go through when necessary. People that have had a
tragedy in their home will let you know how difficult it becomes to recall everything that was lost. A
simple method of doing so involves snapping a picture of everything inside the house, including
inside closets.
As changes in your household size happens, talk with your insurance agent to alter your policy
accordingly. It is wise to review the policy to make sure that you have sufficient coverage for
valuable items. You may want to get other items covered that you did not originally have.
You will be offered many options for coverage by your insurance agent. Giving your agent a list of
your items and their values helps determine what coverage you need. This kind of list is also
invaluable as proof of ownership in the event of damage or loss.
http://en.wikipedia.org/wiki/Insurance_policy