Pearland Real Estate Expert


Take an inventory

Do you know how much the stuff in your home is worth? Not the building, but your personal property. I'm talking about furniture, appliances, electronics, clothes-everything. Although personal property is only one piece of coverage offered by most homeowner's policies in Texas, it's an area where many consumers undervalue the amount of coverage they need. Or, even if they have adequate coverage, people often have trouble proving a loss.

Take an inventory of your personal property. An inventory will help you select a coverage amount that's right for you. It can also speed up the claims process in the event you have to invoke your policy.

Go room by room

The best way to track all your possessions would be to have a receipt for everything you've ever purchased. Since few people are that organized, another effective method is to list every item found in each room. That way, if a section of your roof collapses and destroys only your living room, you'll know exactly what was affected. You can make your own list or use the Home Inventory Checklist prepared by the Texas Department of Insurance and conveniently available online at

Be thorough

However you choose to record your belongings, be as detailed as possible. Don't just write "1 dining room table, 6 chairs, 1 china cabinet." Record the brand of furniture, the material it's made of, and when and where it was purchased. List the serial numbers and brand names whenever possible. Keep receipts for any big-ticket items. Don't forget built-in bookcases, fireplace mantels or other unique home features.

A picture is worth ...

In addition to your written inventory, take photos of your items. Open closets and drawers to show their contents. Don't forget the attic, basement, garage, or any storage buildings you may have on your property. You can also use a camcorder to record a narrated tour of your home and its items.

But that won't buy a new refrigerator

Different policies cover contents differently. Pay attention to whether your policy offers the actual cash value of an item or its replacement cost. Actual-cash-value coverage means you'll get the cost to replace the item minus its depreciation.

So, if the roof collapses on your living room and wipes out the plasma TV you purchased four years ago, you'll get reimbursed for a four-year-old TV. A policy offering replacement-cost coverage would give you enough money buy a new TV similar to the one that was wrecked.

Watch the exemptions

Coverage on some personal items, such as jewelry and artwork, is limited. It's best to talk with your insurance agent about purchasing special coverage for your diamonds and Picasso.

Now check your policy

Compare your policy to your inventory to see if you have enough coverage to replace your belongings, and find a safe place-other than your home-to store your list.

Don't be caught without enough insurance to cover your losses, and make sure you have the means to prove those losses. Take an inventory of your belongings and talk with your insurance agent about your coverage. If you need to find an insurance agent or for more information about Texas homeowners insurance, please visit the Texas Department of Insurance Web site at

Whether you're interested in buying your first home, your next home, or just want to know more about homeownership in general, I encourage you to check out a couple of great online resources: or and for all of your Pearland TX and Northern Brazoria and Galveston County real estate needs, please visit my site at  All of these sites offer tons of useful, real estate-related information geared specifically for Texans.

Danny Frank is a local Pearland TX Real Estate expert.

This column was published in the 10Aug08 edition of the Galveston County Daily News

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Comment balloon 5 commentsDanny Frank • August 15 2008 11:19PM


You really only think about this when something bad is about ready to happen or has happened. I hope people think twice about what said.

Posted by Bob Cosby (One Source Realty) over 10 years ago

Danny- There are so many aspects to insurance that many people don't really adequately consider and this is definitly a huge one.... unfortunately I can't find a policy in MI that will fully cover me the way I want/ need it to... contents of + my pole barn $25k my equipment is about that, and the building was nearly 18k alone not to mention everything else in there... That's why I have dogs, alarm system, and one heck of a fire/ smoke/ heat detection system (almost as loud as the county fire sirens lol)!

Posted by Chris Horton (Horton's Lawn Care L.L.C.) over 10 years ago

Great post and an eye opener. When I took out insurance with State Farm, I had the guy put in the minimum. I don't put much value on my personal items.

Posted by Angelia Garcia (Pure Realtors) over 10 years ago

Hi Danny,

Good info on this one. I'm making some progress myself, yet still have a long way to go. I've got photos, receipts and things like that in my big black "drop dead" book (it huge) for my kids when that day comes. It's got birth certificates, govt. forms, everything like that. If I had a fire at home that would be the first thing I'd pick up.

Posted by Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co (Preferred Home Brokers) over 10 years ago

Great reminder!  I always tell folks that once something happens it will be too late to go back and do these things.  And in this day of digital cameras, a picture is cost effective and definitely worth a lot! 

Posted by Steve Shatsky over 10 years ago