Have you purchased a large household item or expensive jewelry lately? Was it added to your homeowners policy? Many homeowners purchase contents coverage and for years never revisit and review what is covered. Contents coverage can involve a wide array of personal items you would never want destroyed. You need to be familiar with your policy to ensure proper coverage in case of theft, fire or any other major emergency or disaster.
What is Contents Coverage Insurance?
Thankfully we can have peace of mind knowing insurance policies are in place to protect our most precious possessions. Contents insurance typically covers the cost of repairing or replacing your personal belongings in case of disasters such as fire, flooding, theft or other natural disasters. Some of the items covered include appliances, furniture and computers. Most of your personal belongings and those of your family members living with you will be covered; however, there are some exceptions.
Items that are permanently attached to the house or things that are portable are not usually covered. Examples of these types of uninsured items include cameras, mobile phones, jewelry and sporting equipment. Another thing to keep in mind is that contents coverage does not cover lost or damage items of friends or visitors. They would only be covered if those individuals are added to your policy.
How do I Protect my Personal Items?
Here are some suggestions to follow to keep your household belongings safe and protected. Check your contents coverage insurance policy every year. Sit down and review what you may have recently purchased and the value of those items. Many homeowners underestimate the value of their possessions and therefore are not fully covered. This is known as underinsurance and is more common than you might think. Keep a detailed list of everything in your home to make the reviewing process easier every year. Determine if there are items that are not covered under your current contents coverage insurance policy. If so, you will need to request extra coverage to protect these precious items from accidental loss or damage. Having your items detailed in paperwork can help during claim situations. It will make it easier to determine the value of your possessions in case your home is in some type of unexpected circumstance.
Who Can Help When Disaster Strikes?
You want a restoration company that can not only restore your items but can also understand the insurance claim side of the business. Winners’ Circle Training Center has the tools to effectively train restoration staff members in preparation for discussing and dealing with insurance claim issues. The Content Management and Cleaning System course is highly recommended for business owners, managers and lead personnel who will be involved in the estimating and invoicing process. Not to mention, it’s a great way to stand out from the competition.
This hands-on course teaches effective management strategies for packout, inventory and team management as well as data collection. Trusting a restoration company trained with Winners’ Circle Training Center will ensure your most prized possessions and insurance claims are professionally and accurately handled.