How does someone find out what is and what is not covered? Read the
policy carefully. It's not likely to be fun reading, but the good
news is that if one reads and understands his or her policy before it
is needed, this knowledge may save unexpected financial losses should
a problem occur. It is always best to talk with one's insurance agent
or the company that issued the policy for details.
Understanding your homeowners insurance policy is best handled before
a claim is made. In the case of the contents, an inventory of items
room by room is important to have with information such as the date
purchased, serial number, the original cost of each item and a brief
description. Video tape or still photos is very helpful along with
the inventory. These items should be stored in a safe place such as a
safety deposit box in a bank or savings and loan institution and not
in the home because if the home is destroyed, the chances are the
inventory and related photos or tape may also be destroyed.
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