How could anyone possibly remember all of the items they have acquired over time, in the event they had to put a list together of those items? Well, that is exactly what you will have to do in the event of a major Homeowners Insurance Claim, such as a fire.
You have coverage on a Texas Homeowners Insurance Policy for your contents. It is based on a percentage of what the home is insured for. Normally between 60% to 75% of what the Dwelling/Structure is insured for. However, in the event of a major loss, the homeowners insurance company does not just write a check for that amount. They will ask for a list of all the items that you own, that were lost in the fire. They will also ask for proof of purchase for any recent major purchases you have made.
Putting this type of information together after the items have been destroyed is a daunting task.
The best thing you could possibly do is to take an inventory of the items located in your home and keep that inventory in a place other than your home. Possibly in a safe depost box, at your place of work or maybe at a relatives home.
Start by making a list of your possessions one room at a time. Describe each item, note when and where you bought it, list the make and model and value. Also, attach any sales receipts that you may have. This is especially important for more valuable items.
Consider taking a video of your home and all of the items within it or possibly take photos of each room. Although, this will not constitute proof of ownership it will help you to remember what you have in the event you need to list your items.
Your Texas Homeowners Insurance Policy provides excellent coverage. However, in the event of a major claim you need to be prepared so the process will go as smoothly as possible. Doing an inventory and keeping it off premises will be very helpful, in the event you need it.