Why should I complete a home inventory?
Comparing the value of your belongings to the “contents” limit listed in your policy helps you make sure you have enough insurance to replace them if they are lost, stolen or destroyed as a result of a covered loss. An inventory also makes filing a claim easier.
What’s the best way to create my inventory?
The easiest way to do an inventory is to use a video camera, recording and describing items as you walk through your house. Or, you can use a regular camera and a home inventory checklist.
Here are a few tips for completing and storing your inventory:
- Add brand names and descriptions where you can, especially on large-ticket items.
- Keep any receipts you have with the list to make the claims process easier.
- Store your video or photo inventory offsite so you won’t lose it if your house is damaged.
- Update your personal property records when you purchase new furnishings and valuables.