The importance of having a home inventory is never more obvious than after a burglary, fire or other incident where possessions are lost. It’s almost always challenging to remember the needed details of your belongings especially if you’ve had them for a while. Having an updated inventory of your owned belongings, as well as their make and model numbers, can then help you with possible insurance claims. If you take the time to document your possessions now, you can recover much faster after a loss.
Here are a few steps you can take to help create your own home inventory checklist:
Set Aside Time To Walk Through Your Property
If you need to compile a thorough home inventory, you’ll have to make time for it as it requires quite a bit of effort to have a detailed inventory. Document your belongings inside your home and on your property — whatever that may be of value.
Keep Your Home Inventory In A Safe Place
Once your digital inventory is complete, it’s best to store it off-site so you can make sure it won’t be damaged or lost if anything happens to your home. To help you with potential claims even further, creating a photo or video home inventory and storing it with a cloud-based service is a great option.
After taking photos of important possessions, label them with a detailed description, such as where you bought it, its make, model and serial number as well. Check all storage closets or drawers as well for items that may be out of sight. If you choose to make a video inventory, you can walk through your residence while shooting a video of its contents, describing them as you go along.
Don’t settle for just one photo! Include pictures of the receipt, serial number, and other identifying details. If you want to create a paper version as a backup, you can secure it in a safe deposit box.
Update Your Home Inventory As Much As Possible
As soon as you make a purchase of significant value, immediately add it to your home inventory while all details are still new and easy to remember. Go over your inventory as well to delete those items that you don’t own or have replaced.