They can include the serial number, model, color, etc. It is not enough to just list possessions, individuals should also provide information about their main features. Later, by reviewing them, individuals can make sure they did not forget to include an item. Sometimes individuals find it helpful to use mobile phone applications, developed especially for this purpose. It can be convenient to take pictures or videos during the process. To make it go easier and faster, individuals should follow these recommendations: Inventorying a home can be a time-consuming process. A printable Home Inventory template can be downloaded below. That is why it is necessary to keep your Home Inventory organized and save all receipts that individuals get when making purchases. In this case, it will save individuals from memorizing which items were in which room. If for any reason an individual's property will be destroyed, having a documented list of the items in the house will help to file the claim.It can save time when choosing the right insurance plan. If an individual is planning to buy insurance for their house, having this document handy can help to have a more productive conversation with the insurance agent.It can help in many situations, including the following: Having a document like a Home Inventory Sheet is very convenient. The document can be required in many cases, for example, by an insurance company to solicit an insurance policy, or for tax purposes. The purpose of the document is to summarize data about the contents of the individual's house and estimate its financial value. Click here to watch the demonstration video.Ī home inventory can be invaluable when deciding how much insurance coverage fits your life situation and makes sure you are adequately protected should you need to file a claim.A Home Inventory is a document that contains a list of all possessions that individuals have at home. The app is available for Android devices. The NAIC’s free myHOME downloadable app lets you quickly photograph and capture descriptions of your possessions room by room, then store your inventory electronically for safekeeping.Consider sharing a copy with friends, relatives and your insurance provider. Store your home inventory and related documents in a safe, easily accessible place online, on your computer or in a fire-proof box or safe deposit box. Download a home inventory checklist (PDF). Also note model and serial numbers.Ĭarefully photograph or videotape each item and document a brief description, including age, purchase price and estimated current value. Pull together copies of original sales receipts and/or appraisal documents. Your list should include celebration purchases like jewelry and art, as well as everyday leisure items such as televisions and guitars.ĭon't forget items you use rarely such as holiday decorations, sports equipment, tools, etc. Group your possessions into logical categories, i.e., by hobby, by room in your home, etc. Now is the time to make sure you have properly insured your 'stuff.'Ĭreating a simple home inventory helps you track what you own and what it is worth, making important insurance decisions easier. But research suggests more than half of consumers do not have an inventory of their possessions. In recent years severe weather disasters across the country have inflicted more than $43 billion in damage. Whether you live in tornado alley, wildfire zones or along coastlines prone to flooding and hurricanes – now is the time to properly insure your home and possessions. Everyone needs protection against liability for accidents that injure other people or damage their property. Those who rent need insurance to protect their furniture and personal property. Homeowners need to purchase insurance to protect their homes and personal property. Home insurance is important for both homeowners and renters.
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