By: Lisa D.–Acuity
Look around your home—you probably have more possessions than you realize! There are items you probably wouldn’t even think about if you were asked to list all your possessions. What would happen to that stuff if a disaster struck or your house was broken into? Your home or renters insurance could cover it. However, one simple item could make the process of replacing your items much easier—a home inventory.
There are many reasons to create a home inventory. As mentioned above, it can help identify items lost or damaged in a disaster or theft. It can also help you figure out how much insurance you need to buy when you’re shopping for insurance. If you experience a claim, an inventory will help your insurance company settle your claim faster and can also help verify any losses for your tax return. So, what are you waiting for?
Here are some tips to help you get started with your home inventory—whether it is a checklist, videos, or photos:
- Start now
- Don’t stress—any information helps
- Note items found in each room and don’t forget to check your drawers and closets
- Check your garage, patio, and deck
- Include the model, serial number, and brand of big-ticket items
- Document items that typically travel with you (phone, purse, jewelry, tablet)
- Remember to update your inventory when you purchase new items
Videos or photographs of items can be helpful—especially for high-value articles. Save your checklist in a secure and accessible location, such as an off-site safe deposit box or electronically. There are apps available that can help you keep track of your property digitally.
It is important to act now to protect your personal property. You may be surprised with what you have!