When it comes to home insurance, one of the most important things you can do is keep a home inventory. A home inventory is a record of all your possessions, including their estimated value.
This document can help you prove the value of your belongings in the event of a claim. It can also help you track your possessions and make sure you have everything you need when you move.
Creating a home inventory may seem like a daunting task, but it doesn’t have to be. Here is a step-by-step guide on how to fill out a home inventory:
1. Gather your documentation
Before you start filling out your home inventory, you will need to gather some documentation. This includes receipts, appraisals, and photographs of your belongings. These items will help you prove the value of your possessions in the event of a claim.
The best way to keep track of your documentation is to create a home inventory binder. This is a three-ring binder that you can use to store all your receipts, appraisals, and photographs.
2. Start with the big things
When you’re ready to start filling out your home inventory, begin with the big items in your home. These are items like furniture, appliances, and electronics. For each item, include the following information:
- A description of the item
- The date of purchase
- The place of purchase
- The purchase price
- Any identifying information (serial numbers, model numbers, etc.)
These are some of the most important pieces of information that you will need to include in your home inventory.
3. Don’t forget the small thing
Once you’ve finished with the big items, it’s time to move on to the smaller items in your home. These are items like clothes, dishes, and jewellery. For each item, include the same information that you did for the big items.
The only difference is that you don’t need to include as much detail for the small items. A simple description will suffice.
4. Update your home inventory regularly
It’s important to update your home inventory on a regular basis. This way, you can be sure that it is always accurate. As you acquire new belongings, be sure to add them to your home inventory. And, if you get rid of any items, be sure to remove them from your home inventory as well.
Filling out a home inventory may seem like a lot of work, but it’s important to do. This document can be incredibly useful in the event of a claim. By taking the time to fill out a home inventory, you can rest assured knowing that you have a record of all your belongings.
5. Keep your home inventory in a safe place
Once you’ve finished filling out your home inventory, it’s important to keep it in a safe place. This way, you can be sure that it will be available in the event of a claim. The best place to keep your home inventory is in a fireproof and waterproof safe. It’s also a good idea to keep a copy of your home inventory in a different location, such as a safety deposit box.
By following these simple steps, you can easily fill out a home inventory. This document can be an indispensable tool in the event of a claim. So, take the time to fill out a home inventory today. It could end up being one of the most important things you ever do.
If you must file a claim for your house – prepare!
You make a claim against your homeowner’s insurance if your home is damaged or destroyed by a covered peril such as fire or wind. Your insurance company may request a copy of your house inventory as soon as you file an accident as the other drivers involved in the accident.
What is a home inventory and why should you do one? It’s a detailed list of everything you own, from electronics to clothing to jewellery, including supporting documentation such as receipts, photographs, and other paperwork. The inventory of your house may aid in the claims procedure.
Unfortunately, many homeowners lack an inventory. They must create the list after a disaster strikes, which is the absolute worst time to attempt to recall everything you’ve lost and gather evidence.
Avoid making a mess by filling out our home inventory checklist ahead of time. This checklist is a simple method to keep track of all of your items in one place.
The best way to get your home inventory done is by completing it ahead of time before an emergency arises. If you need to file a claim, having an up-to-date and accurate inventory will make the process much easier.
Use our checklist as a guide to ensure you don’t forget anything. And be sure to keep your list in a safe place so you can access it when you need it.
We hope this article was helpful. If you have any further questions about home insurance, feel free to contact our team at i.e. Insurance! Talk to us today at 724-719-2093 or contact us online.