It is a good idea to periodically (at least annually) assess how your insurance coverage compares to what you own or rent to and from others. A call to your insurance agent can assist in determining if you have adequate coverage. Be sure to mention what has changed since your policy was issued.
Some changes are significant and can affect your coverage, so be sure and discuss any changes you have made. Adding or removing wood heat, other adults living in the home, renovations and purchases are examples of things you should discuss with your agent. Please don’t wait for a claim to happen before you contact your agent.
Also consider an annual update to your personal inventory to be sure you have a current list of all your belongings. If you don’t already have a list, you can download a PDF file or order a hard copy booklet for tracking your home inventory from the Missouri Department of Insurance.
The National Association of Insurance Commissioners (NAIC) has also developed an app for home inventory lists that tech savvy consumers may find preferable to keeping a written list:
This information is meant to be a broad overview and should not be the only source you consult for evaluating your risk management needs. Adherence to the above guidelines does not ensure coverage under your policy, nor does it guarantee your risk will be accepted by our company or that your property or operations are safe, healthful, or in compliance with laws, rules, or regulations. Coverage is determined by specific policy provisions, limitations and exclusions that can only be expressed in the policy itself.