Preparing in advance for an unexpected disaster could mean a faster return to normal life, and a little less stress along the way. Having this documentation will help you get your claims settled faster, verify losses and most importantly, give you the comfort of knowing that you purchased the correct amount of insurance.
- Make a list of all possessions, and places of purchase.
- Attach all receipts, purchase contracts and appraisals to your inventory list.
- If receipts are no longer available, record serial numbers and photograph items.
- Clothing: Count these items by category (Pants, Coats, Shoes, etc).
- Appliances: Note the make, model, and serial numbers of all items.
- Jewelry or Collectibles: These items may have increased in value since the date of purchase. Check with your agent to ensure adequate coverage.
- For a printer friendly version of an inventory list, click here.
Additional Tracking Systems and Information Storage
- Take pictures of rooms and individual items.
- Video tape your residence including describing the content of each room as you walk through.
- Keep your documentation along with receipts at an offsite location (safe deposit box, relative's house).
- When making new purchase make sure your documentation gets updated.
- The Insurance Information Institute offers additional tools and information.
Creating a simple home inventory helps you track what you own and what it's worth. It can be invaluable in deciding how much insurance coverage you need and ensuring you are protected if you ever need to file a claim.
And don’t forget—when making a new purchase be sure to add it to your documentation.