How to: Conduct a Home Inventory

Simplified steps for creating your home inventory!

You may think that you know exactly what is in your home. However, when it comes to the aftermath of a disaster, and you have to list what items you’ve lost, valuing your personal property from memory is harder than you think.

For this reason, home insurers ask homeowners to complete a thorough home inventory of all possessions. By having a physical list and photographic evidence of home contents, insurers are able to accurately match coverage to the value of items. In addition, filing a claim is made that much simpler! Here’s how to get started.

Put It On Paper
A written description should include the date of purchase, original cost, and any improvements. Write down serial numbers for TVs, computers, and electronics, as well as keeping receipts along with the paperwork.

Shoot It
If you have a video camera, use it to establish additional documentation of your home and belongings for insurance purposes. Recording valuable items may be used as evidence in the case of theft, fire, or damage. As a rule of thumb, scan all rooms, shoot close-ups of all valuable items, and provide auto-commentary of details that may not be visually apparent. Store this tape in a locked file cabinet and upload it so that you have a digital copy.

Update It
Work through room by room! Once you have established a complete inventory of your property, it should be easy to update it periodically.

Get started on tailoring your homeowners insurance by contacting the professionals at Mayer Insurance, serving Apple Valley and neighboring cities in Minnesota!