When disaster strikes, are you covered?

In the last few years, tragedies like Hurricane Katrina and the fires in Southern California have been a cruel reminder that natural or other disasters can strike suddenly, at any time, anywhere, and sometimes, without warning. Experiencing a loss of your personal property as a result of a fire or natural disaster can be devastating. Most of us have a collection of household items that we have compiled over many years. In  times of loss, trying to remember those items so that they can be replaced can be extremely difficult. 

That's why my Client Appreciation Program this month is about conducting a home inventory. Taking this important step to protect your assets is vital.  It helps you to determine how much insurance you need, whether you need special riders to cover priceless family heirlooms, and  in the unfortunate event of a loss. It provides proof for your insurer of what items need to be replaced. And while your first priority in such a crisis is to protect your family and property, it is also important to protect against the financial consequences of a disaster. I hope that the enclosed article will be helpful in getting you started on this vital protective measure. 

On the back of the article, you'll find a worksheet that you can copy and use to start recording the items you own. Use this sheet to get started, or consider researching some of the available software programs (listed on the front of the article) that are now available for compiling a home inventory. Considering that most of us would have a hard time remembering what we had for lunch last Tuesday, being able to remember all the items we have stored in the hall closet seems that much more daunting. Protect yourself from having to rely on memory, and give yourself some peace of mind, by getting started today! As an additional incentive, I've enclosed a coupon for Protect America.  Take advantage of this exclusive offer to protect your home and yourself.

Oh, by the way...if you know of someone like yourself who could benefit from the services I provide, remember, I'm never too busy for your referrals! You can reach me by cell phone at (410) 978-9532 or send an email to sherryrich@wesellmore.com. I'll be glad to follow up and take good care of them for you.
 

Sincerely,

Sherry Rich, REALTOR(r)
Sales Agent, RE/MAX Hall of Fame
Accredited Buyer Representative, Certified Relocation Professional, Certified Residential Specialist, Graduate REALTORS Institute

 

 

 

 
RE/MAX 100  (800) 899-7629


Read previous newsletters:



Are you covered?
Making sense of mortgages
An ounce of prevention is worth a pound of cure

Get more life from your living room

Does your home have curb appeal?
Allergy-proofing the home
Get your garden growing for summer
Remodeling by the numbers
A less taxing tax season
Mail service users get their 2 cents' worth
T
he true spirit of the season

Making real and positive connections

All the facts to getting mortgage free
Client appreciation program
Breaking the mold
Homeowners insurance tips
Ringing in the new year
Thanksgiving spirit
Curb appeal
Summer greetings
Summer energy saving tips
"Back" to health
Tips on buying a home
Budgeting to buy a home

 

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Are you covered?
Make sure by doing a home inventory

Everyone can benefit from a home inventory. Whether you're an apartment renter, a high-rise condominium dweller or a home owner, everyone is subject to theft, fire or natural disaster. As an exercise, try to take a mental inventory of just one junk drawer, and then imagine having to do that for your entire home after a fire. You might have an elephantine memory, but trying to remember everything after it's gone is a monumental task. Getting started is the hardest part. Use these tips to make the most of your efforts.

Everything Counts
Include any item of value, not just large appliances and electronics. Don't forget to document toys, the contents of your closets and anything in your kitchen cabinets.

Get Organized
Taking the time to record serial numbers, collect receipts and take photographs now can save you a lot of time later. Insurance claims are processed more quickly and are more likely to receive full compensation when they are supported with visual evidence of ownership.

Schedule a Photo Shoot
In addition to making a list of items, take pictures of rooms and large or important items. On the back of each photo, make a note of what is shown, its value, make any serial numbers or special identifiers.

Round Up the Troops
Enlist the help of the entire family. Assign a room to each family member, or use a camcorder and have each person take turns describing items for the camera.

Move It!
Conduct a home inventory when you move. As you pack your items for each room, take photographs and note the serial numbers. This way, you'll also have detailed information in the case that something is lost or damaged during the move.

Keep Duplicates!
Make a copy of your inventory to keep in a fire-proof safe at home, but most importantly, keep another copy in a safe-deposit box, at your office, or any safe location away from your home.

Consider Extra Coverage
If you have special items such as expensive jewelry, fine art or rare antique collections, you may wish to purchase extra coverage—called an endorsement—to protect those items.

 

Make it digital

A variety of personal finance software packages now include home inventory features, and a number of free or inexpensive programs are available for download online. Just make sure that you burn a copy of the file to CD for off-site storage. Here are a few of the many programs available for download online:

Everything I Own
My Stuff Deluxe
Home Manager
Know Your Stuff (from Insurance Information Institute)

   
 

E-mail: sherryrich@wesellmore.com     Direct: (443) 535-0996   Cell: (410) 978-9532
Office: (410) 730-6100 or (800) 899-7629   Fax (443) 535-8365