Creating an inventory of your belongings may seem like a hassle, but it is crucial when it comes to saving you time and money when filing a home insurance claim.
A home inventory is essentially a detailed list of all of the valuables in your home and generally includes a description, serial number (if applicable), the purchase date and estimated value of each item. In the event of a natural disaster or home break-in, an up-to-date inventory can help expedite the claims process and verify your losses.
Before creating a home inventory, there are a number of tips to keep in mind that will simplify the process and help you create a more effective list:
The sooner you create your home inventory list, the better. The longer you wait to catalogue your belongings, the more work you will have to do later on to catch up. Getting ahead of your inventory list will ensure you are prepared in the event you have to file a claim.
And videos. Photographs are a fast and effective way to digitally create an inventory of your valuables. Including notes along with the pictures can help add much-needed detail that will help when it comes time to file a claim.
Keep paper records
Keeping a proof of purchase like a bill, receipt or warranty not only confirms ownership, but it can also help you assign a monetary value to each of your possessions. This ensures that you are not overpaying for coverage, and when it’s time to file a claim, the value of your belonging will be properly estimated.
Perhaps as important as the creation of a proper home inventory is the storage of the list. In the event of a fire or other property damage, it is possible that your inventory can get lost or destroyed. Keeping your list in a safe can help keep it protected. In addition, consider saving a digital copy of your home inventory as a backup.
Send Scrivens a copy!
Send your insurance broker a copy of your home inventory and we will store it in our system. We will keep your inventory on record in "the cloud" for easy access should you need quick access and you have lost access to yours. Sign up for Scrivens Online to access all of your insurance documents.
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