How to Do a Home Inventory - How to Document Your Possessions for Insurance
How to Do a Home Inventory - How to Document Your Possessions for Insurance
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Brian Beasley
This process is similar to creating a financial inventory: start by writing down everything you want to be insured. Document where the item is in your home, and what it is. Include serial numbers and model numbers if applicable. You can then give a copy of the sheet to your insurance agent.
How do I set up a home inventory for insurance purposes?
Use technology to make your home inventory easier
Take pictures – Create a photo record of your belongings. ...
Tape it – Walk through your house or apartment videotaping and describing the contents. ...
Use an app – There are many mobile app options that can help you create and store a room-by-room record of your belongings.
How do I make a property insurance inventory list?
How to Make a Property Insurance Inventory List
Keep sales receipts and attach them to your personal property inventory list.
Keep a video inventory or photographs of your personal property in addition to your inventory list.
List any serial numbers that may be on your personal property.
Engrave your own serial number into items that are of value.
How do I document my possessions for insurance?
How to Properly Document Your Possessions for Insurance
Gather Your Receipts. If you have the receipts of any possessions you recently acquired, store them in a safe place. ...
Start a Home Inventory Spreadsheet. ...
Take Pictures. ...
Take Videos. ...
Get Appraisals. ...
Send Everything to Your Insurance Agent. ...
Consistently Update Your List of Possessions.
How do you inventory your home contents?
Use technology to create your digital home inventory.
Take pictures. Capture important individual items as well as entire rooms, closets or drawers. ...
Take video. Walk through your house or apartment recording and describing the contents. ...
Use an app.
How do I take inventory of my belongings?
Take your time filling it out room by room. Take pictures of each item on your list and store them in a file with your spreadsheet. Include photographs of the exterior of your home, wide shots of each room, and close-up shots from multiple angles of valuable items. Take group shots of less valuable items.
What is a home inventory for insurance?
Homeowners + Renters Insurance
A home inventory is simply a list of your personal possessions along with their estimated financial value. You can create a home inventory in a simple, low-tech manner by writing down everything in a notebook and keeping receipts in a folder.
What is the average value of household contents?
On average, households have approximately $6,000 worth of furnishings in their homes. When you're looking at freeing up some cash at a pawn shop, you might look around for an unused, but valuable piece of furniture, lighting fixture, rug or drapery.
What should be on an inventory list?
An inventory list is a complete, itemized list of every product your business has in stock. This includes your raw materials, work-in-progress, and finished goods. An inventory list should include each item's SKU number, name, description, cost, and quantity in stock.
What is the best home inventory app?
Best Home Inventory Apps of 2021
Best Overall: Sortly (iOS, Android)
Most Versatile: Memento Database (iOS, Android, Desktop)
Most Features: Nest Egg (iOS)
Best for Organizing Collections: MyStuff (iOS)
Best for Multiple Properties: Magic Home Inventory (Android)
Best for Remote Management: BluePlum Home Inventory (iOS)
Do insurance companies have inventory?
The best way to know that you have your bases covered is to periodically do an inventory of these key insurance policies. Besides, it doesn't have to be all doom and gloom. If you shop your auto or home policy on a regular basis, you could save enough to make the task well worth your time.
How do you document your assets?
Personal Information that you should include in your asset document:
Your Full name.
Passport Number.
An example of the Signature used in your Last Will and Testament.
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