Have you Created a Home Inventory?
Disaster Strikes! Are you prepared?
Would you remember all of the items you have accumulated over the years if you would have some type of disaster that would destroy your home? Most of us think we would, but until you live thorough a disaster you will not know. Do not find out the hard way.
It is important to have an up to date home inventory in the case of a disaster that destroys your home. This will help speed up the process of settling your insurance claim and also help you determine if you have the proper amount of insurance. Make a list of items you own and where they were purchased as well as serial numbers, make and model numbers. If you have receipts, appraisals, contracts, etc. keep this information with your list.
Below are some suggestions on how to document your inventory.
Videotape your items.
Walk through your house videotaping and describe the items that you are viewing. By doing this you can also describe the items and when/where they were purchased. If you choose this method you can open cupboards and closets and show the contents while describing them.
Take pictures of all areas of all rooms in your house. On the back of the photos you can put descriptions of the area or note what specifically is shown and the date purchased, where purchased and details about the items. If using your phone to take pictures you can normally type this information and save it with the picture.
Be sure Big Ticket Items have up to date appraisals.
Items such as collectibles, jewelry, tv, etc. may change in value on occasion. Be sure that you have good appraisals for these items. Also, be sure to discuss these items in particular with your Insurance Agent to make sure you are properly insured.
Storing your inventory list.
If you are keeping manual copies you will need to keep it locked in a safe deposit box, a fireproof safe or at a friend or family members home. It would be a good idea to have a backup plan and choose two of these options. If you have a digital file, video or pictures, have a copy saved on an external drive or an online storage service and be sure that the file has been backed up.
The best time to do this is NOW. When you purchase a new item get it added to your list right away. You never know when disaster will strike.