What is a home inventory?
A. A home inventory is a complete documentation of your home and any other structures (such as garages, barns and tool sheds), and all the personal property located in them or on the premises. The inventory should include your possessions as well as items owned by individuals who are also insured under your homeowners or renters policy. Families with students away at school should also inventory those items taken to school, as an additional precaution. Other locations, such as vacation homes or rental properties, should have separate inventories. An inventory should be prepared whenever you move into a new dwelling and should be updated on a regular basis, preferably annually, to keep track of new items, and to eliminate discarded ones.
A Home Inventory is a professionally prepared list, including photographs, of the personal property located in and around your home which is filled with necessities plus lifes little luxuries. We all accumulate personal property but seldom take the time to account for all these possessions. Think about how difficult it would be to list every lost item whether from a burglary or major natural disaster. Don’t forget to include in your Home Inventory the property stored elsewhere, perhaps in a storage area, garage or even a second home.
For anyone holding renter’s or homeowner’s insurance, a home inventory is vital. A home inventory is necessary to substantiate any claim that is made — in case of a natural disaster, fire, or robbery, for example. The inventory not only gets you ready in case of an insurance claim, but it also helps you determine if you have the right amount of insurance for your possessions. A home inventory can be performed by anyone from college students living in dorms to individuals who have paid off their homes. Anyone who might have to file a loss-of-contents claim should have a home inventory. There are three easy ways to perform a home inventory: documented with photographs, with a video camera, or on a computer. If you want to perform a written home inventory, just get a notebook or a binder, and create a section for each room. Go into each room and record everything in it. Large groups of individual items do not have to be listed individually, but can be listed in categories. For example, ea
A Home Inventory is a professionally prepared list, including photographs, of the personal property located in and around your home which is filled with necessities plus lifes little luxuries. We all accumulate personal property but seldom take the time to account for all these possessions. Think about how difficult it would be to list every lost item whether from a burglary or major natural disaster. Dont forget to include in your Home Inventory the property stored elsewhere, perhaps in a storage area, garage or even a second home.
