"How much home insurance do I need?"

Renee Oliver Insurance Agency Inc. gets asked this question often. While there are a lot of variables to consider, the answer starts with a home inventory.

A home inventory catalogs your belongings. In the event you need to make a claim, this document will speed up the process and help maximize your payout. But it also ensures you have the proper protection from the start.

That’s why Renee Oliver Insurance Agency Inc. recommends beginning here before purchasing home insurance. Located in Silver Spring, MD, their agents list five steps for conducting a thorough home inventory.

Organize each area

Avoid getting overwhelmed by dividing your home into sections. Complete one area before moving on to the next. Find a process that is easiest for you.

Record key information

Include descriptions of each item, purchase dates, and estimated prices. Also, for appliances and electronics, jot down makes, models, and serial numbers too. Scanning or taking pictures of sales receipts is encouraged.

Group like items

Save time by lumping similar items together. Low-cost goods, like clothing and dishes, are too time-consuming to list one by one. Assign a value to the entire group

List expensive items individually

However, all high-end valuables should be listed separately. Jewelry, antiques, and other collectibles may require additional coverage beyond traditional home insurance. Consult with an agent to ensure these will be covered.

Update frequently

This list should grow as you make more purchases. At a minimum, review the home inventory every year. Add in any new items. Update your digital records, but also store a backup copy somewhere safe.

Find an agent serving Silver Spring, MD

Using your home inventory, Renee Oliver Insurance Agency Inc. can better determine how much home insurance coverage you need. Schedule an appointment today.