3/27/2023 0 Comments Home inventory list for insurance![]() ![]() If you don’t have access to a video camera, use a standard camera or phone camera. Use a video camera to record and audibly describe items as you move through your home.To understand how much stuff you have, develop a careful inventory of your personal property following these tips. ![]() An incomplete inventory is better than nothing at all. Though the task may seem daunting, it’s important to try.Update your personal property records when you purchase new furnishings and valuables.Store your video or photo inventory offsite so you won’t lose it if your house is damaged.Keep any receipts you have with the list to make the claims process easier.Add brand names and descriptions where you can, especially on large-ticket items.Here are a few tips for completing and storing your inventory: Or, you can use a regular camera and create a home inventory checklist. The easiest way to take an inventory is to use a video camera, recording and describing items as you walk through your house. Why should I complete a home inventory? What’s the best way?Ĭomparing the value of your belongings to the “contents” limit listed in your policy helps you make sure you have enough insurance to replace them if they are lost, stolen or destroyed as a result of a covered loss. And if your home is destroyed by fire or some other disaster, having a list of your possessions makes filing a claim easier - and helps you put your life back together. But what about that holiday china in the garage? Or every pair of shoes?Īll of it is regarded as personal property for insurance purposes. It’s easy to remember the cars, the computer, the TV. The fact is most people own more things than they realize. Once the items are compiled in an inventory spreadsheet in your phone, the file can be emailed to a safe location or archived as a PDF or e-book.Let’s try a little exercise: Can you list everything you own from memory? The NAIC app, myHOME, allows users to separate items by rooms and categories, as well as add captions to photos which help capture descriptions and serial numbers. ![]() The National Association of Insurance Commissioners (NAIC) has developed an application for both Android and iPhone, which allows homeowners to walk through their household and snap pictures of rooms and items for inventory. Several organizations have developed tools for homeowners to catalog a home inventory. Smartphone Application for Home Inventory Once you have compiled your list, do not forget to update it when you bring a new item into your household or remove one. In case your inventory list goes missing or is destroyed, be sure to have a digital copy or keep an extra list in your safety deposit box or at a friend or relative’s house. ![]() Taking a video can also serve this purpose. A snapshot of a room or important individual items can serve as vital, tangible evidence of loss. Providing this information, such as the date of purchase and cost, makes the process easier for you and your insurance company. Be sure to contact your local agent to understand more about what your individual homeowners policy covers. Record costly items.For big ticket items like jewelry, artwork and/or technology, make sure you have them recorded in your inventory list as well as within your insurance coverage.Simple explanations, such as the make and model of televisions, or the quantity of books on your shelf, can make a difference. Don’t forget to include item details in your descriptions. Dividing the list by rooms and/or categories will make the job less intimidating. At first, creating a home inventory might seem like a daunting task. Tips for creating your home inventory list: When making a claim for property loss in your home, the more evidence and information you can provide about your lost and damaged items, the easier and faster the claims process can be concluded. It can also be very helpful to your homeowners insurance carrier in the claims process. Remembering every piece of furniture seems simple but do you remember every piece of jewelry, clothing or even shoes you own? What about every DVD, CD and book? The task might now seem impossible, given the amount of property in your residence.Īfter the unfortunate event of a catastrophe, such as a fire, storm or burglary, an inventory list becomes essential in accounting for all of your lost and damaged belongings. Now, consider the cost to replace every individual object within your home and take into account what you might forget when trying to recall each item from memory. Take a stroll around your house and try to imagine it stripped of all your belongings. Creating a Home Inventory: There’s an App for That!ĭon’t underestimate the value of the belongings in your home. ![]()
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