![]() That can look like a handwritten list or a document stored in the cloud. How Do You Create a Home Inventory List ?Ĭreate your home inventory list in the way that makes the most sense to you. So when it comes time to purchase home insurance coverage, you’ll know the amount of coverage you’ll need and whether you’ll need extra coverage for special items like jewelry, artwork or one-of-a-kind furniture. Your itemized list will give you a sense of the total worth of your belongings. įirst-time homeowners, make a list of everything you own before you even move into your new house. Of homeowners have a home inventory list. The best time to make a home inventory list – and we cannot stress this enough – is right now. When Should You Make a Home Inventory List? Your list helps make sure you don’t miss anything worthwhile. Not seeing or using those items every day doesn’t make them any less valuable. There may be items you don’t think about a lot – like the $500 Vitamix sitting in your cupboard or the gold jewelry you inherited from your grandparents that’s tucked away in a jewelry box. The second benefit of a home inventory list is that it ensures that every single household item has been itemized. First, it increases the chances that the insurance provider will fully cover your claim. The point of a home inventory is to make sure you have everything you need to file a complete homeowners insurance claim in the event of a disaster.Ī home inventory list has two clear advantages. If you believe an item you own is exceptionally rare or valuable, you might want to consider getting it appraised by a professional. You should talk to your insurance agent about how best to itemize and detail unique items – and verify that your policy covers them. Item videos or photos or locations where they are storedĪntique or irreplaceable items (aka custom-made or inherited items) and jewelry may need to be described differently than ordinary items like TVs and coffee tables.Place and date when the item was purchased.Estimated cost if you bought the item today.Item cost at the time of purchase or current appraised value.The general categories and information that should go into your list include: Homeowners typically categorize their list by room, item type, worth or other criteria. What Is a Home Inventory List?Ī home inventory list is a comprehensive, detailed list of all the personal property in and around your home to use in case of fire or other destructive incidents. But if you do, you’ll be happy it’s there. Hopefully, you’ll never have to reach for this list. We’ll walk you through creating an inventory list and (bonus!) give you a list you can download and fill in with your information. The good news is that there are no downsides to taking the time to create a home inventory list. Without one, it could be difficult to remember everything you own – especially when you’re overwhelmed from dealing with a traumatic event. Having an inventory list of your personal belongings is important. If anything like this happens to you, you’ll file a claim with your insurance company that lists all the valuables involved in the incident – and their worth – so you can get reimbursed. When you own a home, you’ll need homeowners insurance to protect your belongings in case of a fire, a natural disaster, a burglary and more. Trust us, your future self will thank you! Creating a home inventory list is one of the most important steps you can take to prepare for these accidents. Read Home Insurance 101 for an overview of standard home insurance coverage.Accidents happen all the time it’s a natural part of life. After cataloging your household belongings, be sure to contact your home insurance agent and see if you have enough coverage for all of your things. There are limitations on how much your home insurance policy will cover for specific items. Keep your photos, receipts and your inventory in a safe place such as a fireproof safe, on a remote computer or anywhere else that they cannot be destroyed. TIP: Don’t forget that taking pictures of your items and gathering receipts can help to prove ownership as well. Start by downloading your home inventory checklist and get started today. ![]() ![]() Will you remember everything you owned after it is gone? Especially in a time of crisis? Having a pre-established home inventory will take the headache out of that task – leaving you to focus on more important things.Īt we have created a comprehensive, yet easy to use home inventory checklist that you can use to catalogue all of your belongings. If your home is lost in a covered peril, your first call will be to your home insurance agent and your task of proving what was lost will begin. In the event of a disaster, a home inventory can be your greatest asset. Home Inventory Can Help With Claims Is Your Stuff Accounted For? ![]()
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