Photos are important, but you don’t necessarily need to photograph every individual item. If you have receipts, credit card statements relating to the purchase, or appraisal documents, you should attach them to the list as well.
#Home inventory checklist for insurance purposes serial#
The inventory should include a description of each item (including make, model and serial number), the value of the item, and its approximate purchase date. If you have the list, then it will alleviate some stress during a challenging time. When you file an insurance claim, you need to know which of your possessions are missing or damaged, as well as the value of those items. Particularly after Christmas or a birthday, you may suddenly need a higher contents coverage limit.īefore beginning your inventory, let’s start with the basics: What is a home inventory checklist?Ī home inventory list is a written or photo record of all of the items you own-especially those with a high dollar value-that you can use for insurance purposes in case of a fire, theft, or flood. As you collect more stuff, it’s important to make sure your coverage limits are keeping pace. Your home inventory will detail the property that falls under contents coverage.Īfter you’ve completed your initial home inventory, you should revisit it every once in a while. This coverage protects the moveable stuff that you own, like furniture, clothing, electronics, and so forth. Whether you own or rent, your home insurance policy includes contents coverage. Your adjuster will be able to offer your settlement faster and more accurately if you can present a detailed breakdown of your damaged property. If you ever need to make a claim, a home inventory helps you figure out exactly what was lost or damaged.
If you have a lot of specialty property, you’ll be much more organized with figuring out what it’s worth and whether you need it appraised. When you’ve got a catalogue of your stuff, you’ll find it very easy to figure out the limits and sublimits you’ll need to have on your home insurance policy. You’ll know exactly how much insurance you needĪny future insurance claims you make will be much simpler There are two reasons that you’ll be happy to have a home inventory: Ultimately, it comes down to home insurance.
Creating a detailed list of everything you own sounds like a painful task.
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