COVID-19 has introduced many unexpected changes for everyone. While it's presented unique challenges for many, one universal experience is the increased time spent at home. Fewer visits to restaurants and bars and less time with friends and family can leave individuals with more time on their hands than they know what to do with. But now is a perfect opportunity to conduct a thorough home inventory and update your homeowners insurance policy. 

Why Are So Many People Distracted During COVID-19?

COVID-19 has created unexpected downtime. Unfortunately, the new freedom has created boredom. Too much time is spent on apps, social media, and constantly-shifting news feeds. 

Develop a to-do list ahead of your downtime. Create a specific block of time or goal you want to reach. For instance, on Wednesday, you set aside two hours to do an item inventory of your bedroom. To ensure you don't get distracted, turn notifications off on your phone or use apps that can block social media updates for a select time. 

Why Do You Need a Home Inventory?

Homeowners insurance will typically cover lost personal possessions mentioned in the policy. Still, many people do not keep an accurate account of what they own and what their belongings are worth. Insurers need detailed information about high-value items, some of which may not be covered by your policy. Reporting the items will ensure that you're fully protected if issues arise. 

Some possessions are subject to separate policy limits. You may have to pay out-of-pocket for valuable items. For example, your homeowner's insurance may include $60,000 for personal possessions. But there might be a compensation limit for stolen jewelry at $1,000. If your inventory includes art, firearms, cash, or other valuable items, you may want to purchase additional coverage since some valuables aren't covered under the basic policy.

How Do You Conduct a Home Inventory?

Inventorying all of your possessions can seem like a challenge, but going one room at a time makes the project more manageable. Items like clothing and cookware can be listed by quantity, but you'll need to record the serial numbers of appliances, electronics, and musical instruments. Store the documentation that proves the value of your possessions. Include receipts, invoices, and appraisal documents in a lockbox, safety deposit box, or online. Having this information will help speed up the claims process, minimize disputes, and see that you're fairly compensated if items are lost or stolen. 

Ensuring that you have the right coverage to protect your most valuable assets can be overwhelming and confusing. Still, the team at Simmons Insurance Group of Southeastern Ohio is committed to making the process as simple as possible. As independent agents, they work with several leading insurance companies to help you get the protection you need at an affordable price. Visit their website to learn more about their homeowners insurance options and to find your nearest location. To schedule an appointment, call their Coolville office at (740) 667-3111.