Congratulations to the classes of 2009

Four or more years of partying (oops! I mean studying) have come to an end. You are now ready to head out "on your own" to conquer the world. One of the necessities you will face immediately is the need to purchase insurance. I'll focus on Homeowners Insurance, since that's the area related to home inventory services.

Home Insurance.com is a great site to learn what you'll need. While you were in college your parent’s homeowners policy most likely offered coverage for your belongings if you were living on campus. But you now need your own coverage.

Renter’s insurance will provide you with coverage for your possessions in the event they are ruined in a covered peril (theft, fire, wind, hail, etc).

If buying a house, a homeowners insurance policy will cover your possessions and also the structure of your home and loss of use coverage. (Read a full description of homeowners insurance coverage).

So, it appears that studying and learning doesn't end with the graduation ceremony. Talk to your insurance agent so you understand what is covered under your various policies and what is not. Only then can you make a wise decision about the coverage that best suits your needs.

One more piece of advice (I know, you've gotten tons of that from so many people already). Whether renting or buying, create an inventory of your belongings. As you are starting out, it will be easier and quicker - then you can add items as they are purchased. This record of your belongings is essential to help you remember and prove ownership of your TV, audio system, CDs, DVDs, Wii, video games, laptop, etc., if you have a fire, burglary or natural disaster. Though you'll have insurance, you'll still need this list to file a thorough claim. Those who don't have an inventory will tell you that this a lesson learned the hard way!

And one more thing - congratulations!