If you are like every other person out there, you probably know what possessions you own in your home. But do you have a written Home Inventory?
Protect Your Possessions with a Home Inventory
We pay for home insurance to protect our homes and possessions in case of burglary, damage or fire. But if calamity were to strike and you should need to recount what was lost, would you be able to remember everything? To save yourself the worry and the trouble, take time now to create a home inventory. This can help you keep track of everything you own, and it speeds up the insurance claims process.
The best way to create a thorough inventory is to physically walk around your house from room to room and build your list. Take pictures of everything, including serial numbers and receipts where you can. For each item, try to include a description, when it was purchased and an estimated value.
There are a variety of tools available to help you. You can simply write everything down in a notebook, create a spreadsheet (Microsoft Office has templates online), or use one of the new inventory apps on your computer or smartphone. The Insurance Information Institute and the National Association of Insurance Commissioners offer free apps with secure online storage. Many insurance companies have their own apps as well. The best tool is the one that you will actually use.
Creating an inventory now is not difficult, though it can be a little time consuming. But it is well worth the effort, and if disaster strikes, you will be thanking yourself later. Prepare now!
Do you have any questions or comments? Please let me know!