Also, be sure to walk around the outside of your home and garage. Open up closets and cabinets, and take pictures of serial numbers if possible. Be sure to take pictures from all corners of the room so that you get the whole room from different angles. While you walk through, provide commentary about when purchases or upgrades were made. Grab your phone, walk around your house and take video and pictures. That way, should you lose your home, you’ll have something to start from for your insurance claim. Now that you’re excited to get started, you probably want to know what is the first step! I recommend that you do these tasks in order. This recent article from Forbes Advisor expands on why You Really Need A Home Inventory. And, home inventories are helpful in estate planning and other legal proceedings. Home inventories are also useful if you’re planning a move to help determine where items are going in the new house. There are many other uses for home inventories too! If you have an item stolen, you’ll have photos of the item and serial numbers, which greatly increases the chances of recovery. You’ll be much better off if you lose your home to a fire, but it will cost more. It is important to note that increasing your coverage will increase your premium (payment). Coverage: providing your insurance company with an inventory of everything in your home can help determine if you have enough coverage.It also lessens your chances of forgetting to include an item in your claim. Claims: if you need to file a claim, a home inventory will help when communicating with your insurance, and can expedite reimbursement.For insurance purposes, a complete inventory of your home has two main uses: ![]() There are many potential uses for a home inventory. Sounds easy, right? However, if you’ve attempted to start your home inventory, you might have more questions… Why Do I Need A Home Inventory? But, what is a home inventory?Ī home inventory is simply a list of all the contents of your home along with its approximate value and supporting documentation (such as photos, videos, receipts and serial numbers). If you have done any sort of emergency preparation, you may have learned that a complete home inventory is an important part of preparing for many types of emergencies.
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