Once you’ve started your inventory, keep going even if you can’t get it all done immediately in one sitting. Your insurance company may request proof of purchase with your claim, so be sure to keep and file sales receipts, purchase orders, sales contracts and appraisals.Īs you add more purchases and belongings to your collection or swap out old items for new models, be sure to always update your inventory to keep it current. Be sure to include them in your inventory! Your belongings that are kept in self-storage facilities are also covered by your homeowners insurance. Items such as jewelry, art and collectibles may have increased in value and may need special coverage that is separate from your standard homeowners insurance policy. Step 7: What is the coverage on your big ticket items? Instead of listing each pair of shoes and clothing that you own, for example, simply add “7 pairs of sandals.” “5 pairs of jeans, 3 pairs of sneakers…etc” Make note of any items that are especially valuable. When recording each of your belongings, use categories to condense and make things simpler. Serial numbers are usually found on the back or bottom of major appliances and electronic equipment. Whenever possible, use your phone or digital camera to capture pictures and videos of each item for easy reference.Īdditional details like serial numbers and product numbers are beneficial as a reference point when it comes to filing a claim. When looking at your items, include a brief description of each item you record, and note where you bought it, the make and model, what you paid and any other detail that might help in the event you need to make a claim. If you find it difficult to choose an area of your home to start, switch tactics and look to your most recent purchase history instead. Step 2: What are your most recent purchases? Instead, choose a smaller, confined space such as a closet or a kitchen appliance cabinet. Especially in larger areas where you have more stuff. It can definitely be overwhelming when it comes to figuring out where and how to start the process of your home inventory. Step 1: Find an area of your home to start. Follow our simple step-by-step process that will help keep you on track when creating your inventory. Start Your Home Inventory Today…īelieve it or not, starting up a home inventory is relatively simple. Let’s take a closer look at the process of how to create a home inventory. Having an up-to-date home inventory will help you get your insurance claim settled faster if you want to file one, verify losses for your income tax return and help you purchase the correct amount of insurance. These belongings range from clothing, appliances, electronics, kitchen utensils, cleaning products, picture frames and even high-end valuable items such as wine bottles, jewelry, and artwork. Whether you own a home or condo, or you rent an apartment, it’s likely that you have a lot of belongings.
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