Insurance companies can require you to provide an inventory of lost, stolen, or damaged items before paying for a claim. If you don’t have an accurate inventory, it could reduce the amount of money the insurance company pays you.
Get the benefits you deserve! Consider these essential tips:
Your insurance inventory is an integral part of your financial paperwork. You may want to make several copies of the inventory and store them in safe places to ensure this vital information is available if you ever need it for an insurance claim.
4 Home inventory basics.
The list should include every item in your home. Photos can also be helpful. Receipts or estimates of value are also applicable.
Pen and paper list. You can use a pen and paper to make the list. To avoid hassles, start in one room of the house and keep careful track as you move to other rooms.
Inventory apps list.
You can use online or mobile apps to help you build an inventory list. They provide guidance and suggestions.
Spreadsheet list.
To save time, you can make an online spreadsheet list. It should include entries for prices, and you can even attach photos.
Video list.
You can make a video of all of the items in your home. Store it in a safe place. The video should include descriptions and values.