Make it a habit to add the item information and receipts to your inventory while the details are fresh in your mind. Keep it updated and backed up in a safe place. Your home inventory is only useful when you can access it in case of fire, theft or other disaster. Keep Your Completed Home Inventory Up-to-Date and Safely Stored Do some research to find one that has the interface and features that you like best. Pro Tip – There are a variety of home inventory apps to choose from.Depending on the model, some have the capability to enter a description of the item when saving the photo. If you don’t want to use a mobile app, take pictures with your smartphone. There are a variety of mobile apps that help you create and store a room-by-room record of your belongings. You can store all of this information in a mobile app. If you’re unable to finish it immediately, schedule some time to work on it every few days until it’s completed. If your inventory starts to feel overwhelming, take a break. Keep sales receipts, purchase contracts, and appraisals in a separate folder or envelope with your list. Don’t neglect to include them in your inventory. Belongings kept in self storage or other locations may also be protected under your homeowners coverage. Check with your agent to make sure you have adequate coverage for these items. Jewelry, art and other collectibles may need to be appraised to determine whether they’ve increased in value. Serial numbers are typically found on the back or bottom of major appliances and electronic equipment. Record serial numbers of major appliances and electronics.For example, “5 winter coats, 15 cardigan sweaters, 20 golf shirts” Make a separate category for any items that are especially valuable. Classify clothing by general category.Note where it was purchased, make and model, price paid and any details that would be helpful in the event that you have to make a claim. This will help you get comfortable with the process. Great places to get started are a small kitchen cabinet, a linen closet, or a small area with shoes or purses. Either way, here are some tips to help you get through it in the least possible amount of time. If you’ve been living in the same place for a number of years, accumulating possessions along the way, it may seem daunting. How to Do a Home InventoryĪ home inventory is a time-consuming procedure, but If you are just getting settled into your first home, it’s relatively simple. Once your inventory is complete, call your insurance agent so that you can revisit your policy and update coverage if necessary. Highlight any gaps in your insurance so that you can confirm that you have the right amount of coverage.You can easily verify losses for your income tax return. Your claim payment will be maximized because you won’t forget any of your belongings.Get your insurance claim settled faster because you don’t have to gather information.Moreover, there are several other benefits to keeping an accurate home inventory. In the event of an emergency, would you be able to recall all of your possessions? Having an updated home inventory will give you one less thing to worry about if you ever need it. Whether you’re a first-time homeowner or you’ve just moved into your fifth home, it’s a good idea to have an up-to-date home inventory. And don’t forget homeowners insurance (link to Your Policy) in the case of an unexpected event, it will protect your largest asset from damage and you from financial ruin. Home improvement is another concern that has to be dealt with occasionally. Homeowners have to pay a monthly mortgage payment and property taxes, as well as take on the duties of yard maintenance and home repairs. The thrill of homeownership comes with a lot of not so thrilling responsibilities.
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