A home inventory is one thing that could save you a lot of hassle if you ever need to file a homeowner's insurance claim. However, many people don't do an inventory because they feel it's a lot of work. Here are some reasons why you need a home inventory and some ways to streamline the process.
Reasons for Taking a Home Inventory
Here are three top reasons why taking an inventory is important.
It Provides Proof
Do you have an expensive television or another electronic item? Keeping an accurate home inventory will provide detailed data that proves you had this item. Your insurance adjuster will have an easier time accurately estimating your loss.
It Reduces Stress
When you experience a major loss, you are likely already stressed. Figuring out what you lost and its value may add to this stress. A previously made home inventory is one less thing to be stressed about.
It Helps You Remember
When you're dealing with a disaster, you may have trouble remembering everything you've lost or its value. So you may not get the right amount of compensation from your claim.
Ways to Streamline the Home Inventory Process
Taking a home inventory can be overwhelming, but here are a few tips to get you started.
Start With New Items
If you have a large number of items to inventory, start with your newest items. You'll likely still have your receipts handy for easy filing. Older receipts may take more time to track down.
Use Photography and Videography
One of the fastest ways to inventory your items is by walking around your home and taking pictures or video. If you are doing video, mention what the item is and when you purchased it. Make sure to show your items as being safely stored and organized.
Organize Your List
Some people find organizing the inventory list by room to be very helpful. That way, if your claim is mostly confined to one room, you can easily find your inventory list. You can also organize your list by item type.
In addition to these three techniques, there are also apps to help set up and record a home inventory. If your inventory is large, then start with one room or area and take your time.
Hopefully, you will never need to file a home insurance claim, but if you ever do, then your inventory list will help. If you don't know what to include in your inventory, then contact your insurance agency for more information. You may also be able to find inventory checklist forms online. Keep a copy of your inventory in a safe place outside of your home or online.