Is a Home Inventory Required for Condo Insurance?

Condo insurance can help you when covered events occur. Whether your condo has recently been broken into or a fire on the premises, condo insurance can help repair and replace damaged belongings.

Some insurance policies require homeowners to make a home inventory. Knowing what a home inventory is and how to keep one can help you is crucial. Even if your insurance doesn’t require a home inventory, having one can still help you take care of your condo. At All-Star Insurance Brokers Inc., servicing Aurora, CO, we can help. Here’s what you need to know.

What Is a Home Inventory?

A home inventory is a list of your belongings. It can be kept on a spreadsheet or in an app. Some people avoid making a list by video recording their belongings.

Is a Home Inventory Required?

Some condo insurance policies require their policyholders to keep a home inventory; some do not. To determine if your condo insurance policy requires keeping a home inventory, speak with your insurance agent or read your policy.

Benefits of Keeping a Home Inventory

Even if you don’t have to keep a home inventory, there are still many benefits of having one. Some benefits include:

• Help you stay organized. Keeping a home inventory can help you stay organized. If a covered event occurs, having a list of things you own can make the recovery easier.
• Help you remember what you owned. You might be surprised how difficult it is to remember everything you own! Having a home inventory can help.

Need Condo Insurance? Call Today

If you need condo insurance, the professionals at All-Star Insurance Brokers Inc., servicing Aurora, CO, can help. Call today to make an appointment.