A home inventory sheet is an invaluable tool to help you in the event that you have to make a claim. Depending on the disaster to befall you, it may be next to impossible to tally up the damage after the fact.

Homeowners insurance is not mandated by law for residents living in Plainfield IN, but it is usually a requirement for obtaining and maintaining a loan with a lender. Gill Insurance Agency is here to assist.

Why You Need a Home Inventory Sheet?

Though a daunting task, the objective of your home inventory sheet is to collect information regarding everything you own and to store it in one place.

It is important also to give a copy to your Gill Insurance Agency representative. 

The process may go slowly but dedicate time consistently to collecting the data to complete this important document. It’s vital to categorize possessions according to their type, such as clothing or electronics. 

If you have collectibles or items that are particularly valuable, you may want to get an endorsement to cover this class of items specifically. These can also include antiques or vintage properties that may be especially difficult to replace. 

Be sure to write down serial numbers and include receipts when possible. It is advised that you also take a photo of paper receipts, as these can degrade over time, becoming increasingly difficult to read. Along with the purchase price, including the current market value. Be sure to take videos of more costly goods, as these can also record their condition. 

Gill Insurance Agency is at Your Service

We specialize in protecting our clients in all areas of their lives with insurance products and services designed to meet their needs. We invite you to reach out to us to speak about your situation in more detail, and we serve the greater Plainfield, IN region. 

A home is the most valuable thing most of us will ever own. Make sure it is protected with homeowners’ insurance. The Gill Insurance Agency, serving the Plainfield, IN area, can help.

The four main components of a homeowners’ insurance policy:

This policy covers the dwelling or home, other structures, such as garages and storage sheds, personal property, and liability coverage. In the event of a total loss, insurance will be the primary source for rebuilding your home. It also provides liability coverage in the event of legal actions for damage or injuries to another person on their property.

Homeowners insurance will protect the equity you have in your property. Without it, you could face not only losing your home but any increase in value that has accrued.

One of the most important parts of homeowners insurance is the level of coverage

Don’t pay for more coverage than you need. The most common policy is the HO-2. It is a broad policy that protects against a wide range of perils as outlined in the policy.

There are some things homeowners insurance does not cover

Insect or termite damage, rodent or bird damage, mold, rot, rust, and general wear and tear are not covered. Also, damage from smog or smoke from agricultural or industrial sites is not covered. A home that has been poorly constructed or has a hidden defect also will not be covered.

In addition, if you are carrying a mortgage on the property, your lender will require that you have homeowners insurance. They want their interests protected in the event of a total loss of property.

Contact Us Today

Even if you own your property free and clear, homeowners insurance is still a sound financial decision to make. In the event of a lawsuit, and you own your home outright, you face the risk of losing it.

Don’t take risks with your most valuable asset. Contact the Gill Insurance Agency in Plainfield, IN today for a quote. You will be glad you did.

With so many things competing for your dollar, you want to justify every line item in your budget. So, is home insurance worth it? You ask yourself. Home insurance not only protects your building structure but also protects you and your loved ones. Gill Insurance Agency in Plainfield, IN is here to provide guidance on this important insurance coverage. Here are some reasons why your home insurance gives you more value than the actual price you pay.

Home Insurance: Why To Invest?

It protects your building structure

Your home is valuable to you both financially and emotionally. You have used a lot of money to bring it up, either in the form of savings or loans. Your home holds a sentimental value, too. It’s a place where you have created numerous memories with your loved ones and pets. With all these goodies, doesn’t it make sense to protect your home? While you can protect your home with security surveillance enhancement, home insurance goes beyond the visible threats. It protects your home against natural disasters, falling objects, and other risks not prevented by security systems.

Protects you against liability claims

Has your dog bitten a passerby? Has the tree in your garden fallen on your neighbor’s house? While these incidences are accidental, you could be liable to pay for the damage. Thankfully, you don’t have to worry if you have liability coverage in your home insurance policy. This coverage covers you when third parties accuse you of causing bodily injury or property damage.

Covers loss of use

If your home has been damaged by a peril listed in your policy, home insurance covers additional living expenses until your home is repaired. Isn’t that convenient? You don’t have to seek temporary shelter from friends and relatives, even after a disaster.

Give Us A Call

Would you like to invest in home insurance in Plainfield, IN? Contact us at Gill Insurance Agency today for an affordable quote.