Insurance Tips from NAIC + Giveaway
Most of us have possessions, but how many of us take the time to do what’s necessary to protect those possessions? The National Association of Insurance Commissioners (NAIC) encourages families at various life stages to catalog their possessions through a home inventory. This is particularly important as people are getting ready to spring clean and shuffle things around. I had no idea that about half of all Americans don’t have a home inventory in place, which can leave them in trouble in the event of theft or a natural disaster. It’s important to document the “stuff” in your home to ensure that all your favorite things are covered in case of a fire or other emergency.
While this can be done by hand and with a digital camera, a new option is an iPhone app called MyHOME Scr.APP.book. The free app from NAIC lets you quickly photograph and capture images, descriptions, bar codes and serial numbers, and then stores them electronically for safekeeping. The app organizes information room by room and creates a back-up file for e-mail sharing.
Since about half of all Americans don’t have a home inventory, here are a handful of tips from NAIC to help people get started:
– To begin your list, think about ‘celebration’ purchases such as jewelry and fine art, or family heirlooms or other collections. Also consider items related to everyday leisure time, from flat-screen televisions to custom guitars.
– Don’t forget items you use rarely such as holiday decorations, sports equipment, tools, etc.
– Pull together copies of original sales receipts and/or appraisal documents. Also note model and serial numbers.
– Group your possessions into logical categories, i.e., by hobby, by room in your home, etc.
– Carefully photograph or videotape each item, and document a brief description including age, purchase price and estimated current value. Download a home inventory checklist (PDF).
– Store your home inventory and related documents in a safe, easily accessible place online, on your computer or in a fire-proof box or safe deposit box. Consider sharing a copy with friends, relatives and your insurance provider.
There are also more tips for young families located here: http://www.insureuonline.org/course_yng_family.htm.
To help get you started with the home inventory process, one lucky reader on The Mommy-Files will win a Kodak Easyshare C122 Digital Camera!!!
WIN IT!!! (MANDATORY ENTRY)
– Tell me in a comment which favorite thing you would have as the #1 item on your inventory list!
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– Comment on any Non-Giveaway post on The Mommy-Files – 1 ENTRY per post comment (no limit)
– Blog about this giveaway and include the URL – 5 ENTRIES
– Contest will close at 11:59 p.m. PST on Thursday, May 25th, 2011! Any entries after this time will be deleted!
– Contest open to U.S. residents only.
I received a camera from The NAIC as part of this campaign. The giveaway was sponsored by the NAIC. All opinions expressed in this post are 100% mine.