Jul 24 2010
Insuring Your Mobile Eastern Shore Real Estate – Part II
Just because you have purchased insurance for your Mobile Eastern Shore real estate, don’t think that your responsibility has ended there. It is important that you inventory your possessions and keep that list up to date, at least annually. In addition to making a list of items, it is wise to also photograph them–and even better, videotape entire rooms! (And do remember to keep the list, photos, and/or tape in a place where they can not be destroyed by fire, flood, etc. A bank safety deposit box would be ideal.)
Suggestions for making a Mobile Eastern Shore Real Estate inventory include:
Organize it by room.
- Describe each item, including make and model, and where it was bought. Record the serial number, if the item has one.
- Attach sales receipts, purchase contracts, and appraisals to your list.
- For clothes, count each type of item, such as pants, shoes, shirts, coats, etc. Particularly note those that are valuable.
- Supplement your written list with photographs. Make sure you label the photos. *If you have a video camera, videotape each room. You can also add a narration as you tape.
- Don’t forget items that are in drawers, closets, attic, and basement.
- Use your computer. Make your list, scan in receipts, photos, and other papers. Keep these in a fireproof box. Make a copy of your inventory and photos and store them away from the house.
- Add valuable new items (such as a new entertainment system) to the inventory when you purchase them. Review and revise the list annually.