[net.consumers] Insurance Documentation

wjm@whuxl.UUCP (MITCHELL) (07/12/84)

<munchies>
By all means document what you have for insurance purposes.  Hopefully, you'll
never need it but it is ESSENTIAL if you file a claim.
The documentation should contain:
1) photographs of the house and any valuable items of personal property
  (including furniture, jewelery, fur coats, stereo/camera/video/etc. equipment
   collections - stamps/coins/books/etc., PCs, ...)
2) original receipts (or at least copies) for these items
  (one advantage of using credit cards or checks to pay for same - you have
   an automatic receipt since one should save cancelled checks and charge slips)
3) an inventory of everything you have
  (including date of purchase, price, and a reasonably complete description)
4) current appraisals of particularly valuable items
The best place to keep it is in a safe deposit box.  You don't want to keep it
on premises due to the risk of fire, nor do you want to leave it with your agent
since you don't want to advertise what you have to potential rip-off artists.
Regards,
Bill Mitchell (whuxl!wjm)