Your condo insurance company can’t cover you if they don’t know what they’re covering.

Problem is, it doesn’t make a lot of sense to call your agent up every single time you buy a new video game, every single time you pick up a few new coffee mugs, and every time you buy a pack of socks. These five, ten, fifty dollar purchases don’t necessarily justify a call to your insurer every single time you come home from the store or find a new package in your mailbox.

So here’s our advice: Go ahead and update your inventory at the following intervals-

• After every major purchase (new fridge, TV, sofa, jewelry, etc.), and
• Once every six to twelve months.

On both points, you’ll want to use your own judgment. If you bought a $50 TV used on Craigslist for the guest room, maybe you’re not that worried about it. Every six months sounds good in theory, but if it’s been a slow six months for new purchases, you might not have much to update in the first place.

To get an idea of whether it’s time to update the inventory, take a look at the copy you keep for yourself and ask yourself if anything’s missing. If we called our insurance agents every single time we made a new purchase, we’d never get off the phone, but you don’t want to find that your policy only covers half of your Blu-ray collection.

If you’re still looking for an insurer for your Wheat Ridge, CO condo, get in touch with CO Insurance Specialist through our website or by phone CO Insurance Specialist can help Wheat Ridge, CO condo owners get the coverage they need.