How to Create a Home Inventory for Insurance Purposes
Creating a home inventory doesn’t have to be a hassle. In the event of a burglary, fire, or natural disaster, it will offer invaluable protection for your investments. Imagine trying to list all the valuable possessions you own from memory—let alone the model numbers and brand names. While it may seem daunting to create an inventory, the payoff is well worth it. Here are some tips to simplify the process and make it easier to file your insurance claim.
Gather Your Valuables
First, it’s important to note that you don’t need to document every tchotchke and bauble you own. Focus on valuable items that you would want to be reimbursed for if they were destroyed. Start with electronics like TVs, smart speakers, computers, and cameras. Other items could include antiques, fine china, and artwork. Don’t forget your closet for that shoe collection, handbags, and jewelry.
Let Technology Do the Work
The easiest way to start a home inventory is to create video recordings of your items. As you record, get the item clearly in frame and include closeups of any visible model or serial numbers. If you have it, record receipts or proof of purchase for the items. Describe the items as you go, including details about the size, color, and age of the items. Alternatively, you can start with still photos of all the rooms in your home or apartment and closeups of the valuable items.
Create a Spreadsheet
While photos and videos are the best starting point for visual proof of your possessions, it’s always best to add additional protection by formally documenting your items and their replacement value in a database. This could be through the use of an app or just a standard spreadsheet. Apps like Sortly or Know Your Stuff let you add items, receipts, and details like the purchase date, price, serial number, and description. You can easily do the same using a Google Spreadsheet and uploading your photos or videos to a connected folder in the Drive.
Once you complete these steps, check with your insurance company to make sure your inventory meets the requirements of your home or rental policy. Be sure you can access your list remotely and that your sensitive information is stored securely. For more tips on how to protect your property, our team at Focus1 Insurance Group is here to help! We’re proud to serve Oregon residents with smart policies and a personal touch. Read our testimonials to hear from our happy customers.