Just because you have a $100,000 house and we provide 60 percent worth of coverage, it doesn’t mean that we provided $60,000 of content coverage. “That’s when you get a blank look from the customer. “When there is large loss, the adjuster is going to require a list with items lost, along with approximate values,” Bagwell says. Because, complete devastation, you’re not going to remember everything on that list.” Don’t UnderestimateĪs you walk through your home updating your home inventory, Bagwell says to be sure to keep a running estimate of the value of everything you own. “It will jog your memory, if nothing else. “Unless you have a complete list of everything you’ve ever purchased, if you have that video recording of them, that can help remind you,” Bagwell says. The video will help you remember all of your belongings in the event of a disaster. Just reach for the smartphone in your pocket and walk through each room of your house, taking a video of the contents. Print your Texas Farm Bureau Insurance Home Inventory Evaluation Checklist here to get started. Luckily, Bagwell says, these days, keeping careful records of what you would like covered in the event of a disaster is easier than you might think. In the post-holiday days, when you’ve likely given and received gifts, it makes sense to take stock of the past year and what you may need to update. Mike Bagwell, agency manager for Texas Farm Bureau Insurance’s Midland office, says it is good practice to update your home inventory evaluation about once a year. That means updating your Texas Farm Bureau Insurance home inventory evaluation. And while it may not be the time of year you want to think about the possibility of a catastrophe - like a tornado or a home burglary - it does offer an opportunity to ease your mind about the unknown future by taking stock of the personal property covered under your homeowners policy. New Year’s is a time for looking back with gratitude on the year that has passed and looking forward with excitement to the good things to come.
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