For the vast majority of people, the limit of their exposure to homeowners or renters insurance is paying the premium and smaller losses such as a pipe bursting. But insurance is also important to getting yourself back on your feet after a catastrophic loss.
Step 1: Keep a Record of What You Own
If a tornado sweeps your house off the basement walls, there will be two pieces to the insurance claim: the payment for the total loss of the building, and the payment for the personal property that was inside the building at the time. Andrew Parr, an Allstate agent in Hutchinson, says one part is pretty straightforward, while the second is — well, not so much. He says the key to getting a fair personal property settlement is good records — and one of the best ways to keep it up today is to walk around the house with a video camera and record a look at each wall, inside each drawer, and so forth:
Watch video of Andrew here: https://ksstorm.info/prepare-2022-bonus-the-role-of-insurance/