Why You Need A Home Inventory
In the event of a burglary or disaster that destroys your personal belongings, a home inventory can be a blessing! We highly recommend you take the time to create one. Here are a few benefits to consider:
- It will help ensure that you don’t underinsure or overinsure your belongings.
- Settling your insurance claim will be faster with less hassle over prices and values.
- It will help you remember and keep track of your personal belongings.
- It will help point out areas where you may want to consider additional coverage for special items such as jewelry, collections, and antiques which may be limited or excluded from your homeowners insurance policy.
We hope you never need it, but if you do you’ll be very glad it’s done!
How To Make A Home Inventory
The more detailed your inventory, the better. But it doesn’t need to be too complicated. An easy way to do a home inventory is room by room. You’ll want to list the items in each room including information such as desriptions, values, and serial #’s when applicable. It’s also a great idea to take photos or videos of your belongings. Here’s a Home Inventory Checklist you can use, or feel free to create your own.
Keep Your Inventory Updated
Make sure you update your inventory whenever you add or get rid of belongings. This is especially true during the holiday season when most people accumulate gifts. Failing to keep your inventory updated could result in not enough (or too much) insurance coverage.
Protect Your Home Inventory
Be sure to put your home inventory in a safe place. Don’t let your home inventory become part of a property loss. Keep it in a fire box, safe deposit box, or other secure location.