A home inventory is an important tool to have in the event of an insurance claim. It can help you prove what you owned, how much it was worth and how much it would cost to replace.
Creating a home inventory is not as difficult as it may seem. You can start by taking pictures or videos of your belongings, including any receipts, appraisals or other documentation you have. You can also create a list of your belongings and their value. Be sure to update your inventory regularly, especially if you acquire new items or sell or donate old ones.
Here are a few tips to help you create a home inventory:
1. Take pictures or videos of your belongings, including any receipts, appraisals or other documentation you have.
2. Create a list of your belongings and their value.
3. Update your inventory regularly, especially if you acquire new items or sell or donate old ones.
4. Keep your inventory in a safe place, such as a fireproof safe, and make sure your family knows where it is.
5. Share your inventory with your insurance agent or company so they have a record of your belongings.
Source Links:
https://www.iii.org/article/how-to-create-a-home-inventory-for-insurance-purposes
https://www.valuepenguin.com/home-insurance/create-home-inventory
https://www.nerdwallet.com/blog/finance/home-inventory-for-insurance/