Why Do You Need a Home Inventory List?
If disaster struck your home, would you know what you owned? Personal property can be gone in a split second following disasters like fires, tornados, and hurricanes.
Allied Trust Insurance Company recommends that you compile a list of your belongings to ensure the proper coverage. If your home is damaged or destroyed, and up-to-date home inventory list can help make the recovery process easier.
Use a spreadsheet, list, photos and video
To start, begin making a spreadsheet of everything in your home you want insured. Be specific in your written inventory. Include make, model, serial numbers, receipts, credit card statements, value and date of purchase when possible.
A good way to figure out what you really own is to go from room to room with a video camera. Record the contents of each room in your home, including drawers, shelves and closets. Start in one corner and work your way around. Be sure to take close-up shots to capture all the details. Narrate while you are at it. Make verbal notes, about special items. Be sure to include things like serial numbers, manufacturer and model. It’s also helpful to save receipts or credit card statements to show how much you paid for the items. Using photos or video is also a good way to prove ownership.
Once you’ve created your home inventory, make sure to update it as you acquire or get rid of items over time.
Consider professional appraisals
For higher-end items such as jewelry, artwork, antiques, or collectibles, you may want to have a professional complete an appraisal. Keep the appraisal as well as the appraiser’s name and address in your files.
Store in a safe place
Finally, be sure to keep your records in safe place. They won’t do you any good if they are stolen along with your valuables, or destroyed in a flood or fire. Keeping them in a safe deposit box is a great option. You may also be able to keep a copy with your insurance agent.