As a home insurance policy holder, you carry several responsibilities. Before signing the home insurance contract, you have to read about your rights in the policy. When reading the policy, make sure you comprehend every single term. You should not be afraid to pose question when you don’t understand your policy. If you hire an insurance agent, you can ask him to review the policy.
Once you have purchased the home insurance policy, the insurer will provide you with an original copy of the policy. The policy will be sent to your mailing address in 1 month. If the policy did not arrive at your house in 30 days, you should give the insurance company a call. The insurance policy and other important paperwork must be kept in a safe place. Examples of important insurance documents that you should keep in a safe place include correspondence, receipts, submitted claims and etc. You must be familiar with the name of the insurance company so that you won’t have any problem when filing a claim.
To decide how much insurance is needed, you should check all the rooms and take a picture of every single item including appliances, antiques and etc. Valuable items should be stored in a secure place such as deposit box, friend’s house and etc. Every year, you must review the inventory in your home. Besides, you should review the photos and videos submitted to the insurance company. If you purchase a new item, you have to update the inventory. The purchase receipt should be kept in your home so that you can file a claim when the item becomes damaged.
