Insurance Agent, Farmers Insurance, San Francisco Bay Area
In my opinion, the best way to itemize all of your belongings for a Renters Insurance policy is to either take pictures of all items of significant value, along with a note describing when you bought the item, where, and at what price, or video tape your belongings and narrate when you bought them, where, and at what price. Then put the pictures or video on a USB Flash Drive and have someone hold it for you, don't store it on the property that is insured. A safe deposit box, your friend or family member, or even your insurance agent themselves (I provide this service for my customers at no charge) are all good examples of who can hold this for you. From that point on, you only need to document any new items of significant value that you purchase, and remove any items you trade away or sell. (Don't worry about recording every six pack of tube socks you buy, just the items that carry some value to them).
Of course, you can also write all this down on paper, but having visual evidence goes a long way in helping to determine what items were present when the policy was put in force, and what new items have been added. And, it's always best to review your coverage every year with your insurance agent to make sure you are carrying the right amount of personal property coverage.
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Of course, you can also write all this down on paper, but having visual evidence goes a long way in helping to determine what items were present when the policy was put in force, and what new items have been added. And, it's always best to review your coverage every year with your insurance agent to make sure you are carrying the right amount of personal property coverage.