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How to Create an Accurate Home Inventory That Matters
Having a home inventory is an important step in protecting your home, family and possessions. A properly compiled inventory can help you replace items that are damaged, lost or stolen and can serve as a reminder of what you have. It’s equally important to make sure that your inventory is kept up-to-date and accurate. Here are some tips to help you create and maintain an inventory of your household possessions that really matters.
Prioritize Your Personal Property
You’ll want to make a list of items that are most valuable to you, including antiques and heirlooms. If necessary, list your belongings in order of value, and make sure that you get an appraisal for any high-value items, such as jewelry or artwork.
Take Photos or Videos of Everything
It’s important to have pictures or videos of all your personal possessions. Take photos or videos of your furniture, appliances, electronics, jewelry and other personal items. Try to capture images that include serial numbers and other identifying features. Your photos and videos should be stored in the cloud, so they’re protected and available if you need them.
Create a Detailed List
In addition to taking pictures and videos of your possessions, create a detailed list of your valuables. When creating the list, make sure to include the following information:
- Item name and description. Include any identifying information, such as the year you bought it and the make and model. If possible, collect copies of purchase and warranty information.
- The item’s value. Verify the current market value of higher-priced items. Depending on the item, consult new and used item listings and recent auction sales.
- Serial numbers. Photograph or videotape serial numbers for bigger items like electronics, appliances and furniture.
- Where it’s stored. Keep a record of where all your items are stored.
Choose a Storage Method
Once you have your inventory and photographs or videos, determine how you will store them. You can keep the information in paper form and store it in a safe deposit box, or find online options. You can also look for apps that allow you to photograph or video-record items and organize them into categories, including serial numbers and purchase dates.
Keep Your Inventory Up to Date
It’s important to remember to update your inventory. Make it a habit to regularly review and update the list whenever you purchase a new item, move items or give something away.
Make Sure Your Insurance Company Has Copies of It
An accurate inventory of your possessions can give you peace of mind knowing that you are covered in the event of a disaster or loss. When you purchase a homeowner’s insurance policy, provide your insurance company with an updated list of your items and make sure your policy will cover all of them.
Creating an effective and accurate home inventory is an important step in protecting your property, family and possessions. The tips outlined in this article can help you create a detailed list of your possessions that really matters and provide important protection if the worst happens. Keeping an accurate inventory can save you time, effort and money in the long run.
