Prepare for Home Insurance Claims with a Home Inventory

49295692727edd097237_banskyphoto.jpg
49295692727edd097237_banskyphoto.jpg

With all the storm damage and devastation that has recently happened across our country, I thought it would be a good idea to share a quick and easy way to keep track of all of your personal belongings in the event something catastrophic happens.

My experience has been that most people miss this vital inventory and the results can be devastating!  Don't let this happen to you.

You need to complete a Household Inventory. Doing so allows you to keep a record of what you own, simplifying the process of sorting through damaged items after the storm should you need to file a claim. 

Sign Up for E-News

Taking inventory can be tedious, but if you ever have a fire or a break-in, you'll be glad you have a record of what you own. Make sure you are keeping track of:

  • The value of each of your possessions, room by room.
  • Serial numbers wherever possible.
  • Support this inventory record with photos or video.

While conducting your Home Inventory, you will want to move from room to room recording the value of each of your possessions. Examples of ways to complete your Home Inventory include:

  • Notepad and camera - as you take photographs, write down the details of each item.
  • Video camera - this is an easy method because you can narrate the details of each item while videotaping.
  • Personal computer - personal finance software packages often include a home inventory program.

While Conducting Your Home Inventory, Don't Forget:

  • Make sure you record the contents of closets, drawers and cabinets.  The value of little things can add up quickly
  • Store all lists, photographs and videotapes in a safe place off the premises.  It is a good idea to keep back-ups as well.
  • Update your home inventory.  After making a significant purchase, be sure to add the information to your home inventory while it is still fresh in your mind.
  • Keep all receipts, especially for big items such as jewelry, furs and collectibles. 

We recommend that you place this inventory in a safe place outside of your home.  Your insurance agent should be happy to scan a copy of the inventory into your customer file.

Of course we never want to be the victims of these natural disasters and bad weather, but it is inevitable, and the best thing we can do is be prepared.

Ron Bansky is the owner of Ron Bansky & Associate’s Allstate Agency in Westfield and Princeton Junction. He has served on Allstate’s National and Regional Agency Advisory Boards and currently serves on Westfield’s Insurance Advisory Board. Ron’s industry awards include leading Allstate New Jersey in Homeowner’s Insurance Sales three times and leading the state in financial services production. As an active Westfield resident, he has also received the Caring Community Award from the Westfield Area Chamber of Commerce and is a member of the Westfield Boosters Association. Ron can be reached at 908-301-0711 Ron@BanskyInsurance.com or via his website BanskyInsurance.com.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Westfield

Buy a Vet ... Program Helps Formerly Homeless Veterans

May 21, 2018

UNION COUNTY, NJ — It started with a collection to help fund a Memorial Day barbecue at the Valley Brook Village veterans facility in Lyons, NJ. When the bucket collection raised $7,000 at John's Meat Market in downtown Scotch Plains, they decided to keep it going and had barbecues all summer. The program has grown ever since.

Steve Hackenberg, a Scotch Plains native, ...

Important Information from the Westfield Board of Health

May 21, 2018

To the Editor:

The Westfield Board of Health held a meeting on May 7, 2018.  

The Board discussed bicycle safety. As the weather improves and more people get outside we encourage all bicycle riders to wear properly fitted helmets. All riders under the age of 17 are required to wear a helmet under state law. Bicycle safety information for children can be found at ...

Westfield Police Blotter: Counterfeit $100 Bills, Man Arrested in Car Burglary & More

May 16, 2018

May 8, 2018 2:23 p.m.

A business in the 200 block of East Broad Street reported receiving payment for services with a counterfeit $100 bill. The suspect made a small purchase with the counterfeit bill and received change, depriving the business of $94.24 change and $5.26 purchase. Suspect described as a black male 25-40 years of age, with facial hair wearing a black Nike wind breaker jacket ...

Video: Point View's Petrides Weighs In on Big Box Stocks

May 21, 2018

Point View Wealth Management's Managing Director and Portfolio Manager, John Petrides, live at the NYSE discussing stocks of big box retailers:

ptview.com/medias/tv-radio

 

For more than 25 years, Point View Wealth Management, Inc. has been working with families in Summit and beyond, providing customized portfolio management services and comprehensive financial ...

Ask Maria: How can I help my son? 

Q: My son's best friend's mom just passed away. I am concerned for my son and don't know what to do for him. He is distraught. How can I help my son? 

Response:

Grief is a normal and natural reaction to the death of a loved one. No two people grieve the same, even in the family. I am certain that your son’s friend and mom are like family to your son. Losing his ...

17 Homes Sold week of May 6 to May 13 2018 in Cranford, Westfield, Mountainiside, Fanwood and Scotch Plains

Seventeen homes sold week of May 6 to May 13, 2018, in Cranford, Scotch Plains, Westfield,  Mountainside and Fanwood:*

 

               ...

Dog Missing from Fanwood Home

UPDATE: Reunited with owner!

ORIGINAL POST: Lexi was seen north side of Fanwood Thursday. She's 25 lbs., tall and looks like a fox.

Lexi is friendly and was wearing a collar with a tag. Call 732-259-5570 if you spot her.

IRS Grants Relief for Taxpayers Affected by Reduction of Maximum Deductible HSA Contributions

The IRS recently announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who contribute to a Health Savings Account (HSA).

 

For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution.

 

The annual amount had been reduced to $6,850 for 2018 under the Tax Cuts and Jobs ...

TAPinto Featured Franchisee: Steve Lenox of TAPinto Paterson

This week's feature will focus on TAPinto Paterson's franchisee, Steve Lenox. Find out how the current owner of a public affairs firm went from a former State Director for Senator Frank Lautenberg to a proud TAPinto franchisee for New Jersey's third largest city.

 

Q. When did you join TAPinto.net?

I joined TAPinto.net in September, ...

Eight Westfield Student Vocalists Accepted into 2018-2019 All-State Choruses

Eight student vocalists from Westfield High School have been accepted into the 2018-2019 All-State Choruses.

Performing with the 2018 All-State Mixed Chorus in November will be Charlotte Geary, Zachary Lemberg, Joseph Maldonado, Vincent Mora, Nicole Player, and Matthew Siroty. The Mixed Chorus will perform at the New Jersey Education Association (NJEA) Convention in November and at the New ...

‘Chambers USA 2018’ Recognizes John Schmidt Among List of America’s Leading Lawyers for Business

Lindabury, McCormick, Estabrook & Cooper is pleased to announce that John H. Schmidt has once again been recognized by “Chambers USA” in their annual list of leading lawyers for business. Chambers and Partners, which produces “Chambers USA,” is a client referral organization that researches and subjectively ranks attorneys and law firm practice groups nationwide ...

'Turning Off the Morning News' brings comic twist

‘Turning Off the Morning News’ tackles today’s issues with a comic twist

By Liz Keill

PRINCETON, N J – Despite the late night comics, no one quite captures the insanity of the political/social status world like Christopher Durang.

His latest play, “Turning off the Morning News” hit the ground running.  John Pankow as Jimmy addresses the audience, ...

SURVIVING A STROKE: Quick Medical Response Gives Mom Her Life Back

Carotid artery dissection. It’s one of the most common causes of stroke in younger adults.

And while you might not associate the word “stroke” with younger patients, the condition – if not treated immediately – could lead to paralysis and even death.

Lindsey Singh can attest to the importance of immediacy. The 31-year-old mother of two from Flanders experienced ...

Capitalist or Communist?

Karl Marx may have been the pioneer, but many other Jews were also involved in the struggle for communism, particularly in the early days of the Russian revolution. Personally, I don’t think that we have any apologies to make for this phenomenon. Having suffered unbearably under successive oppressive regimes, many of those political activists genuinely thought communism would be better ...

Stocks Can Rise in a Rising Interest Rate Environment

Investors remain concerned about the potential impact of higher interest rates on stocks. In their most recently released minutes, the Federal Reserve Open Markets Committee indicated the US economy is on solid footing and the economic conditions warrant continued gradual increasing of interest rates. This set off a sale in the stock and bond markets as investors began pricing in a fourth ...

AtlantiCast

AtlantiCast: Episode 15

On this week’s AtlantiCast, learn some important tips for controlling and avoiding diabetes from an Atlantic Health System expert, see how Atlantic Health is advancing cutting-edge research, hear what’s being done to keep health care environmentally friendly and much more!

 

Obituaries

Donn A. Snyder, 88, died at home on May 8 in Southern Shores, NC, where he was a resident for ...
Read more

New Jersey State Motor Vehicle Commission Returns to South Plainfield

May 21, 2018

SOUTH PLAINFIELD, NJ – A new state Motor Vehicle Commission (MVC) opened its doors in South Plainfield on Monday, just one week shy of a year since the borough’s former agency closed its doors. The office, located at 5000 Hadley Road, will provide in-person services to residents of the borough and the surrounding communities six days a week. 

“I would like ...