For those of you who are married and have had children, remember registering at the various stores for certain gifts and such? Recall how frustrating it could be trying to figure out what you wanted, the quantity, and the color of that item?
Let’s skip ahead a few years – there is a tragedy involving your home, everything is lost. Not a very happy thought, but it can happen to any of us. It may be a home fire, tornado, hurricane, or even a flood. Now imagine the days following these events and everything you will be doing and what you need to do. One of these tasks will involve insurance follow up and recording all that was lost or damaged and what it was worth. Suppose you can save yourself time and trouble if you had only kept that gift registry sheet?
How can you save time by saving this particular document?
Insurance companies will want an inventory of all that was lost in whatever disaster you experienced. For instance, in a fire – suppose you lose everything in your house? You will need to make a list of all items. Insurance agents will ask what brand, how many pieces of each, and what they were worth. If you received a good bit of china and dinnerware as a wedding gift, you will want to record this. Wouldn’t it be easier to pull out your old gift registry and compare what you had, the price of each item, as well as the brand name?
Baby registries are also important to keep as well. If certain items are lost or damaged, these can be reported to your insurance company. Instead of drawing a blank when filling out forms and trying to remember what you had, how much it cost and where you bought it, find that old registry. Once again, having a print out of each item will help save time and frustration in the long run. Just remember to store these documents in a fire/weather proof safe or box of some sort.
Related Articles:
Protecting Important Documents
A General Overview of Home Insurance