- GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY SERIAL
- GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY UPDATE
- GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY ANDROID
Some people have the mistaken impression that their insurance company will lowball them on a claim, so they add “extra” to their inventory list to compensate. Never pad your list with items you don’t own or inflated values. You don’t want to rely on your memory when you have to make a claim. Get into this habit to keep your inventory current, while the details are fresh in your mind.
GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY UPDATE
Update your inventory whenever you make a significant purchase.
You may want to purchase additional protection in the form of Personal Article Floater policies. Also, homeowners’ policies generally limit the amount of coverage on such items. Valuable items like jewelry, furs, silver and artwork may have increased in value since their purchase date. The best practice is to have multiple copies, either physical or digital, stored in multiple places.ĭiscuss big-ticket items with your insurance agent. If you have a digital inventory, keep a copy on an external storage device or online storage account. If your list is a physical document, keep the original inventory and receipts somewhere secure, off-site, where they’ll be safe if a fire or natural disaster destroys your home. Store the inventory in a safe place off-premises. Take advantage of free trials and read the reviews: some are particularly well suited to people with large collections or especially valuable items.
GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY ANDROID
There are dozens of home inventory apps for Apple and Android phones. Describe the contents, either by speaking or by taking notes, including the date acquired/purchased, the items shown and their location.Īnother option is to use an app. This type of record can be especially useful for items like clothing or kitchenware. Take photos or video of every room, opening closets, cabinets and drawers to capture what’s inside. (Such documents should also be scanned.)Ĭreate a visual record with photos or video. Include physical receipts and appraisals.
GIVE TWO REASONS YOU SHOULD COMPLETE A HOME INVENTORY SERIAL
Write a brief description of each item, and note any serial numbers, purchase prices and dates, and the current value. Tackle one or two rooms per day, and you should have a complete inventory in a week. Make a list of each room of your house, and jot down what furniture and other possessions are in each. Record furnishings and major items, room by room.
These five steps will guide you through the often-daunting process of setting up a home inventory. Second, in the event of a theft, fire or other disaster, having an accurate list will not only make it easier to report your losses, but also help make your case with the insurance company about a fair settlement. A current inventory will also pinpoint the need for any additional insurance riders to cover items that are excluded from your homeowner policy. Do you have a current home inventory? These 5 steps can help reduce the inconvenience of recovering from a loss.ĭo you have an up-to-date home inventory? If not, you should, for two reasons.įirst, a complete, up-to-date inventory will help you determine the correct amount of insurance coverage you need.
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