Homeowners Insurance. Inventory your home inside and out

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1 Homeowners Insurance Inventory your home inside and out

2 Protecting what matters most is an important part of your financial plan Wells Fargo works with you to help you meet your financial needs and succeed financially. Whatever stage of life you re in, Wells Fargo Insurance can help you protect what s important. Your home is one of your biggest assets, and no matter how long you ve lived there, it s smart to do all you can to protect it and your belongings. Let us help you today.

3 Home inventory: tips and best practices It s a good idea to know your personal property and its. Most homeowners have homeowners insurance but haven t taken an inventory of their personal property. Doing so will make it easier to file a claim because you ll have an accurate record to share with the insurance adjuster. Following the three simple steps listed on the next page can help you compile and save all the information you ll need to make a claim. Wells Fargo Insurance 3

4 Follow these steps to inventory your belongings 1. Get ready We recommend that you maintain a visual and written inventory of your possessions. Prepare yourself by: Making sure your video camera or still camera is ready to go Setting aside time in your schedule for this important activity Making a plan for which rooms to document first 2. Take inventory Choose the method that works best for you to save important information about your personal property. Options include: Using a video camera or smart phone to record the contents of your home as you narrate them Taking pictures with a still camera Completing the checklist found on the next few pages as thoroughly as possible Obtaining professional appraisals to determine the of your jewelry, art, antiques, collectibles, and other unique or expensive items Keeping receipts for expensive items 3. Keep this information in a safe place It s important to store your video, photos, inventory checklist, receipts, and appraisal information in a safe place, such as: A safe deposit box With a family member or at a location away from your home On your computer by taking digital photos and uploading them Online by ing the documents to yourself for easy retrieval later With a cloud service provider that will safely and securely store your information on their servers Get started today! 4 Wells Fargo Insurance

5 Home inventory checklist Living room Sofas, chairs, tables, lamps, rugs, mirrors, curtains, drapes, desks, clocks, artwork, televisions, stereos, DVD or Blu-Ray players, telephones, etc. Wells Fargo Insurance 5

6 Dining room Tables, chairs, buffet, chandelier, china cabinet, china, glassware, silverware, serving trays, tablecloths, rugs, curtains, drapes, etc. 6 Wells Fargo Insurance

7 Kitchen Cabinets, tables, chairs, cookware, glassware, silverware, refrigerator, stove, oven, microwave, dishwasher, mixer, blender, toaster, convection oven, cookbooks, pots, pans, etc. Wells Fargo Insurance 7

8 Bedrooms (Number of rooms: ) Beds, mattresses, bedding, tables, chairs, dressers, nightstands, lamps, mirrors, curtains, drapes, rugs, computers, televisions, stereos, etc. 8 Wells Fargo Insurance

9 Bathrooms (Number of rooms: ) Furnishings, hampers, mirrors, scales, shower, sink fixtures, razors, shavers, hair dryers, electric toothbrushes, medicines, towels, linens, makeup, toiletries, etc. Wells Fargo Insurance 9

10 Family or recreation room Televisions, stereos, home theatre equipment, DVD or Blu-Ray players, video games, computers, telephones, tables, chairs, rugs, curtains, drapes, etc. 10 Wells Fargo Insurance

11 Study or den Tables, chairs, lamps, rugs, curtains, drapes, books, computers, printers, scanners, clocks, televisions, stereos, DVD or Blu-Ray players, telephones, etc. Wells Fargo Insurance 11

12 Attic, basement, shed, or garage Washer, dryer, deep freezer, water heater, furnace, dehumidifier, furnishings, tools, workbenches, lawn mower, supplies, etc. 12 Wells Fargo Insurance

13 Personal items Clothing, coats, jackets, shoes, hats, belts, jewelry, watches, handbags, neckties, etc. Wells Fargo Insurance 13

14 Miscellaneous items 14 Wells Fargo Insurance

15 Miscellaneous items Wells Fargo Insurance 15

16 Homeowners insurance coverage After you ve completed the inventory checklist, it s also important to ensure you have the coverage that makes sense for you. Generally, you need enough homeowners insurance to cover the following: The replacement cost of your home. It s not what you paid for your house but the price of rebuilding it that may be more than you originally paid, or more than its current. The contents of your house. Talk to your agent about whether you need additional coverage for items that may be subject to limitations, such as jewelry, computers, some electronics, fine art, and silverware. You may have discovered some of these items when completing your inventory checklist. 16 Wells Fargo Insurance Liability. This covers you in case someone is injured on your property and needs medical care, or decides to sue you. It will also pay for damage you caused to someone else s property. A number of coverage options can enhance your basic homeowners policy. Some of the more common options include: Contents replacement cost coverage. Pays replacement on property damaged by a covered loss with no deduction for depreciation. Valuable items. Provides higher limits and worldwide protection for special property, such as jewelry, fine art, rugs, collections, and furs. Water back-up of sewers or drains. Provides coverage up to a specific amount if water backs up through your sewer or drain, or overflows from your sump pump.

17 Consider an umbrella policy for added protection An umbrella policy gives you added liability protection over and above the basic limits of your auto, specialty vehicle, or homeowners insurance policy, helping to ensure an unfortunate event, caused by you or even your dog, won t put your personal assets at risk. We recommend every policyholder purchase this optional policy. Ways to save Even though discounts vary by state and insurance company, there are many ways to save, including: Protective devices: Smoke detectors and alarms Fire extinguishers Home security systems (deadbolts, alarms, etc.) Purchasing multiple policies from the same insurance company Customers who purchased both auto and homeowners insurance through Wells Fargo Insurance saved as much as $ Wells Fargo Insurance 17

18 Review your coverage annually Always evaluate your policy each time it s up for renewal. You should also review your policy when you make a major purchase, before you begin a home improvement project, and when you make a significant change to your lifestyle. Following are some common scenarios: Home improvements: Finishing your basement Updating your kitchen or bathrooms Replacing electrical wiring Adding additional rooms or square footage Adding a swimming pool Lifestyle changes: Getting married or divorced Adopting a breed of dog or type of pet that may be considered aggressive Major purchase, sale, or inheritance: Purchasing a piece of fine jewelry Buying or selling a collectible painting Inheriting a valuable antique Adding to your collections such as art, jewelry, crystal, or silver According to a 2012 report by Marshall & Swift/Boeckh, 61% of U.S. homes are underd by an average of 18% Wells Fargo Insurance

19 Get a homeowners insurance quote today Call or visit us online: Monday through Friday 7:00 a.m. to 9:00 p.m. Central Time Saturday 9:00 a.m. to 4:00 p.m. Central Time wellsfargo.com/insurance Please have your policy information available when you call or go online. Insurance is: Not insured by the FDIC or any federal government agency. Not a deposit of or guaranteed by any bank. 1 This is an annual savings amount based on information provided by new Wells Fargo Insurance, Inc., customers who purchased policies during November and December Savings are not guaranteed and will vary Marshall & Swift/Boeckh Wells Fargo Insurance, Inc., (Minneapolis, MN) is a licensed agency that represents and is compensated by the insurer based on the amount of insurance sold Wells Fargo Insurance, Inc. All rights reserved. INS Material expires 12/31/2014. ECG