** A Seniors homeowners insurance policy usually includes coverage for Personal Property. Do you know what yours is worth? Are you covered?**

Seniors Homeowners Insurance: Do You Know What Your Stuff is Worth?

A lot of senior citizens have had the same insurance for years—or decades. Have you checked yours lately? Do you have enough Personal Property insurance on your homeowners policy? Have you got too much? Here's some insurance advice to find out.

Grab a camera, still or video, doesn't matter. Then get out a notebook and a pen you like using. You've got some homework to do. Starting in one corner of your house, take pictures of everything you own, yep, everything, all that mountains of stuff you've been accumulating since before the kids were born. Document your furniture, the pictures on the wall, that weight bench you keep meaning to get back to (and the barbells gathering dust on the floor under it). As you snap away, write each item on your list with any identifying details, age, flaws, and anything you can think of that might affect the value up or down.

List all your clothes (yeah, even the ones that don't fit anymore). Take photographs of all jewelry. If you've got antiques, photograph them too. Keep working from room to room, snapping and listing away. Include the kitchen pots and pans, everyday dishes, heirloom china, crystal, computers, printers, stereos, TVs and DVD players— don't forget the GameBoy you bought after you saw how much fun your grandson was having with his. Do the garage too—power tools, lawn mower, stockpiled plywood, and gardening shears—get them all down.

OK, now you've got a really complete list, written and visual, of everything you own at home. Now go down the list and start assigning a current value to each item. If you've been smart and saved receipts for all major purchases, that will make it easier. (Also, make a vow to start saving receipts from now on.) Not sure what that antique credenza is worth? Have no clue how to value grandma's German china bowls? Get online and check sites like eBay or kovels.com. Or take this great excuse to browse in some antique malls looking for comparable items. If necessary, get a professional appraisal.

When you're done, get out the calculator and add it all up. And prepare yourself to be amazed. Done? Are you surprised? If you're like most people, you had no idea how much all your stuff was worth. Now check your homeowners insurance policy. Are you covered? Could you replace all that stuff with what your insurance company would pay out if your home were destroyed by fire or other calamity? Or if you downsized and gotten rid of a mountain of belongings, do you have more coverage than you really need? If you have a lot of high-value items, you may need special coverage, called a "floater" policy.

If your insurance policy needs adjustment, call your agent. Then go back online and do some comparison shopping to see if you can get a better rate. You might be surprised again.

Finally, put that looonnnng list and the camera memory card away in a safe place, away from your home. It will come in handy in the unlikely event you ever need to put in that seniors homeowners insurance claim.

Source: http://www.insurance.insureuonline.org/course_seniors.htm