No. of Recommendations: 0
I have some questions about how much detail should be retained about your home inventory in order to support insurance claims in the event of a loss.

Research I have done shows that you should retain receipts for "big ticket items" and valuables (and you should have riders for these), and that your policy should cover things like clothing and furniture. I have also been told that even though your policy may cover common household items, you still may not get properly reimbursed due to lack of evidence. So..

1) At what value level (dollar amount) should you retain receipts (i.e., what is the dollar amount definition of a "valuable")?

2) Is it necessary to have a list of EVERY durable item (e.g., all articles of clothing)? Or is this just a way of determining that you have enough coverage for all your possessions?

I would ask my insurance agent, but I am in the process of switching my insurance, and I don't always trust what they tell me.

Any advice would be appreciated.


Matthew J.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.