If you are a homeowner with a typical mortgage, then you most likely have homeowner’s/hazard insurance because lenders require it before approving your loan. They want to ensure that you can repair or rebuild your home in the event of a catastrophe such as fire or flood. This ensures that the bank can continue to collect mortgage payments.
The cost of the insurance is rolled into your monthly payment so you probably don’t even think about it, which may be a good thing.
If you ever need to file a claim, however, you might be surprised to discover how difficult it is to list all the belongings you lost. That’s why you should shoot digital video of the contents of your home.
Why shoot video rather than take photographs? Because video also captures audio and it’s easier and more efficient to verbally describe the objects as you pan the room to record.
Once you have the video recording, be sure to transfer it to a cloud and/or send a copy to a trusted friend or relative. If the video only exists on your hard drive, it may go down in flames with your house!
Lastly, be sure to take video of the exterior of your home as well in order to document its condition.
Following these simple tips could save you headaches as well as money.
Posted December 7, 2016