You finally got house and content insurance but what exactly does that mean?  What is covered on your policy?  Knowing what is on a basic policy can help you know what to expect if you should need to file a claim.

Most of these house and content insurance policies are based upon the lump sum of what it will cost to replace the items.  Such things as sentimental keepsakes and pictures will obviously not be able to be replaced but other items in your house can be.  In order to get a good value of the contents of your house you will need to do an inventory of everything.

The best way to do this would be to do a room by room inventory of all of your possessions.  It is also good to take pictures of the items as well so that you can prove, if need be, that you actually had the items you are claiming.  There are plenty of computer software programs that will make doing an inventory of your home very simple.  You simply install the software and follow the on screen instructions.

Once you have the full home inventory completed, you will want to put a value on the items.  You need to ask yourself how much it will cost to replace the items in the event that you loose them for one reason or another.  If and when you need to file a claim for your house and the contents in it, you will want to be able to show the home inventory list and the money value of what it will take to replace the items.  If you are not sure of how to do the inventory or what you can have covered on the policy then you will want to talk with the insurance company so that you have everything on the up and up.