5 Tips to Create a Home Inventory

Owning expensive valuables makes you get additional insurance in case of theft or vandalism. Usually, after a fire or burglary incident, it might be challenging to remember the value of your possessions. This is because you can be in shock, or you might have collected these artifacts for so many years that your memory can’t’ keep track. Therefore, having a home inventory of your possessions with details can help you file a claim. Take time to document your belongings now for future emergence.

Below are some things to look out for when creating an inventory

5 Steps to creating a home inventory

1. Dedicate time to this

Creating a home inventory takes time and effort. Keep in mind that the more detailed you make your inventory, the more valid your claim will be. Take your time to document possessions inside your home and property, especially those that are of high value. 

2. Safekeeping of your inventory

It is advisable to create a digital inventory to avoid damages in case of fire or any disaster you can’t’ control. You can take pictures and record videos, then upload them to iCloud as a backup. Please take photos of relevant items, label them and add an explanatory description. You can add details of where you bought them, the model and serial number too. Also, check for items that might have been locked away in drawers or storage closets.

You can also take advantage of digital home inventory programs; these allow you to upload many photos of one item, their serial number, receipt, and other details. Make sure you store the paper version in a safe box.

3. Update your inventory

What use is keeping an inventory of the items listed that are not updated? Whenever you add a new item to your collection, add it to your inventory to help save you time and energy. You can also delete items that have been replaced a long time ago. You can set out a time for this and ensure that items listed on your inventory are updated. 

4. Add your business assets

Creating an inventory for your home property is excellent but having one for business is what makes the difference. Many people are gifted many expensive items in their workplace, so it is excellent consistently to keep tabs on these document items in your office to help when you file a claim.

5. Consider other valuable items

Sometimes, you can forget the value of art, jewelry, and other collectibles you got in the past. So always check your valuables and ask your agent for adequate insurance coverage for these items. They might be insured separately, depending on the insurer. You can also put jewelry and other valuables in a safe deposit box.
You can check homeowners’ insurance for your valuable possessions.