If you need to use your home insurance policy for a major claim, such as one that you place after a fire, assessing the value of the home itself will be up to the insurance company. An adjustor will come out and determine how much it will cost to either fix or entirely replace your home, and you will then get that money – or however much of it your policy allows – from the insurance company. When it comes to everything that is inside of the home, though, it is much more up to you.
Everything could potentially be lost in a fire, even if the home does not burn to the ground. Smoke damage can ruin an entire closet full of clothes in minutes. The same goes for furniture, and heat can destroy electronics. If you are putting in a significant claim to replace everything that you lost, you need to first prove to the insurance company that you really owned the items on your form. You also have to prove their value. Even little things can make a big difference. They need to make sure that you are not claiming twice what it would cost to replace items or saying that you owned things that were never in the home. You shouldn’t feel slighted by this at all; it is just part of the process.
One of the best ways to go about this is simply to give the insurance company a video of the inside of your home. You never know when a disaster like this will strike, so you may even want to make this video today. Walk around the inside of the home with your camera, simply swinging it over everything that has a significant value. Open up closets and take a quick shot of the clothes that are inside. You don’t have to sit on things for long, as the video can just be paused and examined on a frame-by-frame basis, so this is the fastest, easiest, and most complete way to create the record that you are going to need.
Some people take pictures of the interior, and that can be a good idea as well, but pictures often miss things. They also take much longer to compile and they are harder to keep track of, so a video is your best option. Click here to learn more about your home insurance.