A home can require a tremendous investment of money, time and energy. Homeowners insurance is designed to protect that investment by insuring the actual structure or structures and the personal possessions in and around them, as well as providing liability protection for the residents. Through homeowner’s insurance, you can protect yourself and your family from enormous loss in the event of damage or destruction to your home and property. Most likely, if you have mortgage on your home, you are required to carry homeowner’s insurance.
It’s wise to generate a detailed list of your possessions. Making a video or photographic record of your possessions is advisable, as well. You may want to consider storing your inventory in a safe-deposit box off your property, or at least in a lockable fireproof storage box in your home. Not only will a record of your possessions take most of the guesswork out of filing a claim, police say such documentation can help you prove ownership in case your belongings are recovers from a thief. Also, you may want to videotape or photograph the mess after a disaster and before you begin in the cleanup. This can help you prove the extent of damage without having to wait to get your life back in order.