A home insurance policy is typically a contract with an insurance company. In exchange for premiums paid by the insured party, insurance can cover a home’s physical structure and the possessions within the home. For certain valuable items, it may be necessary to purchase a rider, which can provide coverage for a specific item, such as an expensive piece of jewelry. Coverage will vary by the type of policy, but homeowner’s insurance can generally protect against financial losses caused by fires, hurricanes, earthquakes, and other natural disasters. In addition, policies may contain provisions that protect you from financial liability when someone is injured on your property.
1) Receipts/appraisals on expensive items such as engagement rings
2) Inventory of possessions (photos and videos)
3) Receipts for home improvement