Would you remember all the clothes in your closet if you had a fire? What about the dishes or linens? After a major insurance claim, like a house fire or flooding, it can be hard to remember what you own. Get organized this month and take a quick written, photo, or video inventory of your home! Here are some helpful tips for taking a home inventory:
What Should I Include?
We recommend adding anything of value to your home inventory. For example, this could include art, jewelry, firearms, electronics, sports equipment, collectibles, heirloom pieces, china, and other similar items. For larger or more expensive items you should include a description, serial number, date purchased, price, appraised value, and any other important information. Also include copies of any receipts, appraisals, or other records that you may have. Don’t forget any items in your basement or attic – they are easy to forget or overlook! Make sure to add new purchases to your inventory list and re-evaluate older items as time passes.
- Written: Do a walk through of your home and make a long, detailed list of your belongings. Be sure to record the information detailed above.
- Photos: Take pictures of each item on your list. Also make sure to get close-ups of any important details and focus on one item per image.
- Video: Record video as you do your walk through, describing any details or serial numbers. You can also record any receipts, appraisals, or other documents. When finished, you can even upload it to the cloud, so it is safe and time stamped.
Benefits of Taking an Inventory
First, a home inventory can be invaluable when handling a homeowners insurance claim. Second, it can help you to determine just home much property coverage you need. After taking a home inventory, many homeowners find that they feel their personal property coverage amount is too low. Over the years, we accumulate more property than our policies might have covered when we first purchased them. After taking an inventory, consider meeting with your agent for an insurance review so you can make sure that everything important to you is covered. Get started today!