Here's why you need to make or update your home inventory this season.

While most homeowners associate spring with cleaning, there's another important household task that you should take care of this season.  This spring, you should either create or update an existing home inventory.  Not sure why you need to compete this task?  Here are some of the reasons why you should always have an updated home inventory on hand. Replacement Value of Your Belongings One of the reasons why you should update your home inventory is that it helps you to determine the replacement value of your personal possessions.  Most homeowners insurance policies will cover the cost of stolen or damaged belongings up to a certain dollar limit.  Having an updated inventory will help you decide whether or not your policy is offering enough coverage for your needs. Missing or Damaged Items Another reason why it pays to have an updated home inventory is that is can help you figure out which items are missing or damaged after a burglary, fire, or other devastating event.  If you fail to report missing or damaged items to your insurer, you will not receive compensation for these losses.  If you ever find yourself in a situation where you have to report missing or damaged items to your insurer, you can use your inventory as a checklist to verify which belongings you would like to file a claim for. Faster Claims Process Finally, having an updated home inventory will speed up the claims process.  Normally after a major loss, your insurance provider will ask you to provide a copy of your home inventory.  Rather than rushing and trying to remember everything of value in your home, it's better to have your inventory already ready to go. These are some of the reasons why you should either create or update your home inventory this spring.  Do you have more questions regarding your inventory or homeowners insurance in general?  Don't hesitate to contact us at East End Insurance Agency in Southold, New York.  Our experienced team is ready to assist you with all your insurance needs.