Know Your Stuff® – Home Inventory, the Insurance Information Institute’s allows you to create and update your home inventory easily and efficiently. And with free, secure online storage you will have access to your inventory anywhere, any time. You never know when a disaster may strike, but you can be prepared with an up-to-date home inventory. Sign up Now!
Why should you have an up-to-date home inventory ? It will help you:
| Purchase enough insurance to replace the things you own.
| Get your insurance claims settled faster.
| Substantiate losses for your income tax return.
STEP 1-- Getting Started
First, decide on a way to make an inventory that works for you. You can do it room by room, category by category (furniture, electronics, etc.), from newest items to oldest or from most expensive purchases to less expensive ones.
STEP 2-- Taking Inventory
There are different ways to making your list. You can write everything down in a notebook, for example. Or you can take pictures, writing information on the back of the photos or put information on your computer. If you have a video camera, you can walk through your house filming and describing the contents at the same time.
Also, whenever you make a significant purchase, remember to add the information to your inventory while the details are fresh in your mind.
Expensive items like jewelry and art work may need to be insured separately. Ask your William Blount & Associates agent whether you need additional coverage.
STEP 3-- Storing Your List
Store a copy of your inventory in a safe place outside of you home—with a friend or in a safe deposit box. (If your inventory is electronic, store it on a disk.) That way you’ll be sure to have something to give your insurance representative if your home is damaged.
BIG TICKET ITEMS
Make note of expensive items, such as jewelry, furs, and collectibles. Valuable or collectible items may need separate insurance.
Walk through your house or apartment videotaping the contents. Remember to open drawers and closets. One advantage of videotape is that you can narrate what you are filming.