1/20/2013 10:54 PM

Creating a Home Inventory

Would you be able to remember all of your possessions if they were destroyed?  Having a home inventory will help you get you insurance claims settled faster, verify your losses, and help you purchase the correct amount of insurance.  Start by making a list of your possessions, describing each item and where you bought it.  Attach to your list sales receipts, purchase contracts, and appraisals.

Don’t get discouraged. If you have been living in the same house for many years, the task can be daunting.  Start with recent purchases and remember what you can about old possessions. If you are just setting up a household, starting an inventory list can be easier. 

Items like jewelry, art, and collectibles may need to be insured separately and it’s important your agent knows about these items before a loss.

Take pictures of rooms and individual items to have a visual record.  Note on the back of the photos what the item is and where you bought it.  If you are using a digital device, you can add a description of the items while saving the pictures. 

Video tape a walk - through of your home describing the contents.  This can be useful for clothing and kitchenware.  

Create a digital record using your computer or mobile device.  There are many software and mobile app options that can help create a record of your belongings.

Whatever method you decide to use, always keep a record of your inventory.  Store documents with receipts in a safety deposit box.  For digital files, back it up and keep a copy on an external drive.  That way it will be easily available to access. When you make a large purchase, add the item to your inventory while it’s still fresh in your mind.


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