2. Don't pay for coverage you don't need.
Make
certain your policy
reflects your home inventory.
Make a careful review of your policy. to know
exactly its coverage.
It is very importantl to update your policy. let us
say, each year.
either acquiring or selling valuables.
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3. Try to see your house as if you were an insurance
agent .
Is the structure of your house old or new or needing
repairs ? Are the
walls made of brick, or wood?
Is your home in a high risk area like flood planes
or an earthquake zone ?
Many insurance companies offer discounts for
security systems like
having extinguishers .
4. the value of homes changes, so do not insure
your house at the
current value, base your coverage on the estimated
cost to rebuild
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5. Home Insurance Inventory
Make a home insurance inventory listing all
properties in your home,
garage, storage etc.
Having a home inventory, allows you to receive the
maximum home owner
insurance money available, in case you have to make
a claim.
You can make your inventory using a video camera or
a web cam , a
notebook and a pen. You walke through all the rooms
opening all
closets
cabinets, drawers and film or photograph all that
you can see, describe
by voice or in the notebook, dimensions, color ,
manufacturer, model,
serial number and receipts of the purchase, if you
have them,also take
note of current value and the cost of replacement.
and every thing you
can, of every object, also take note of the date of
the inventory.
--
The inventory should be updated at least once a
year. Make more than
one copy ; store one copy away from the home, store
it in a safe
deposit box
or with a relative.
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This information just pretends to let you know
some factors that may
affect your insurance decision. we do not make
specific
recommendations . Consult an insurance professional
before making any
decision.
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