Protect Your Possessions

Again, the more detail the better. Detail will help make the claim process smoother. It's at this point that you want to begin making a detailed list of all the valuables that you have just recorded. The list should include the purchase price (sales receipt should be kept if possible), the store where each item was purchased and the make and model if applicable. If the item has a serial number, that should also be included.

While documenting everything, you should take a special look at art work, collectibles, jewelry or other valuables that you believe have a significant price tag. Contact your insurance agent to make sure that these items are fully covered under your current policy. If not, they may need to be insured separately. It is then simply a matter of updating your list as you make new purchases.

Nobody wants disaster to strike, but in the event that it does, you will be extremely happy that you took the step of recording all your possessions for both the time and money it will save you.