In your professional capacity as an insurance broker, financial planner, or divorce attorney, your clients are looking to you for timely and helpful advice concerning the current and future status of their belongings.
As we start off the new year of 2018, now is an excellent time to contact your clients to have them consider having a professional home inventory done. Most of your clients have just come from a holiday season where they received many new and possibly valuable items as gifts. With this influx of new and unrecorded items in your clients’ homes, the beginning of a new year is the perfect time to remind them of the importance of maintaining an accurate and up-to-date record of their household items and other valuable possessions and collections.
Remember, having an accurate, comprehensive home inventory protects your clients in the event of theft or damage to their home and its contents. Maintaining a proper inventory helps ensure they have the right amount of coverage while helping to speed up the claim settlement process and maximize reimbursement after a loss. Also, some insurance companies may offer incentive discounts for clients who have and maintain a professional home inventory.
Here are a few tips you can share with your clients on acquiring a professional home inventory:
Look for a professional home inventory company that protects you and satisfies your insurance company
The insurance business involves risk. When your client makes a claim from fire or flood or other event, insurance companies may choose not to pay because of the lack of definitive proof, guarding against fraud. When you have a professional home inventory done, this gives your insurance company needed assurance of your ownership of affected items and helps them pay your claim quickly and on time–a win-win situation.
Your chosen home inventory company needs to meet your state’s insurance standards
Depending on the state, insurance requirements may vary. Some states may only require a simple listing of items. Other states are more stringent and will require not only a list, but also a full description of each item, including receipts, images and, potentially, serial numbers, depending on the item. This information will ensure full compensation from insurance companies. Any reputable home inventory company will be aware of state laws pertaining to these matters.
Security must be paramount for your home inventory service, and it must be easily accessed
You must ask any professional home inventory company you are considering about their security and how your information is stored. In the case of a disaster, you need to be able to access this information easily, but it must also be stored in secure, offsite locations.
Find out how TakeStock can help you protect your client’s assets. Contact us at 844-9-CYA-NOW (844-929-2669) or complete our contact form to request a free consultation.