Spring = a great time to take inventory

home inventory checklistIf you're planning on doing some spring cleaning this year, take some time to compile an inventory of your personal belongings. Creating a personal property inventory list provides you with a record of insurance coverage and valuable personal items so that if anything is lost, stolen, or destroyed, you will have easily accessible information for the police and for filing an insurance claim.

Here are six things to include on your personal property inventory list:

 

  1. A list of all your big-ticket items with pertinent facts and descriptions.
  2. Receipts for big-ticket items.
  3. Photos and/or video to give details about quality, appearance, and size that written descriptions cannot.
  4. Current appraisals.
  5. Serial and model numbers.
  6. Current insurance coverage.

Also, make sure you understand what your current home policy covers. If you have replacement cost coverage—meaning the insured items will either be repaired to the same condition as before or replaced with new ones of like kind and quality—having documentation of what your insurance will cover will be helpful if you need to file a claim.

You have several options to choose from in creating your list.

  • Download and print the Personal Property Home Inventory worksheet. Make several copies and leave at least one other copy with a family member or friend, or store it at a separate location such as a safe deposit box.
  • Scan and store your important documents and photos electronically and utilize free online storage options. Just Google "free file storage." You can also e-mail copies to yourself for further backup.

If you have questions about preparing an inventory of personal property or would like to talk to someone about insurance for your home or auto, please give one of our personal insurance consultants a call at 1-800-279-4010.

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