Be Prepared with a Home Inventory

February 2, 2012 at 9:37 AM | Posted in Home, Personal Insurance, Personal Property, Safety Tips | Leave a comment
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If a catastrophe was to strike your home, would you be able to remember all the possessions you’ve accumulated over the years? In the event of a loss, the burden of proof of what you owned is on you. An inventory of your personal belongings not only provides proof, but ensures faster settlement of any claims.

There are many ways to create an inventory of your belongings. You can keep a written log of your items, take pictures of your items, or videotape them. Videotaping is probably the easiest way to take a quick inventory because you can open closets and drawers and scan all the contents at once, describing them as you record.

Here are some tips to help you whichever way you choose to inventory your items.

  • Include the make, model, and serial numbers of all major appliances and electronic equipment. If you are taking pictures or videotaping your inventory, make sure you capture the serial number.
  • For clothing, categorize your items making notes about those that are especially valuable.
  • Items that may have increased in value since you purchased them such as jewelry, art work, and collectibles may need to be insured separately.
  • Keep a copy of your inventory off premises in a safe deposit box or at a relative’s house so that no matter what happens, you will still have a copy of your inventory.
  • Regularly update your inventory every couple of years, but if you purchase any valuable items in between, don’t forget to add them to your inventory.

Remembering everything you owned at the time of a loss can be difficult and frustrating. Preparing yourself with an up-to-date inventory will save you time, and money.

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