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InsPolicy.com provides home insurance quotes in all states throughout the U.S. Getting an insurance quote is FAST and FREE! Recieve multiple quotes from the carriers you select. In addition, you can even be reminded of important dates, such as your policy renewals. In addition to free home insurance quotes, search our site for informative insurance information.
Why should I take a home inventory?
Can you remember all the possessions you have accumulated throughout the years, their value and replacement cost? Having a current inventory of your belongings will help to get your insurance claim settled quicker, as well as verify your losses for tax purposes and help you determine exactly how much insurance you need to purchase.
Begin by making a list of your possessions, describe each item note where you bought it and its make and model. Clip to your list any sales receipts, purchase contracts, and appraisals you have. For major appliance and electronic equipment, record their serial numbers usually found on the back or bottom.
Starting an inventory can be easier for those just setting up a household. However if you have been living in the same house for a long time it can be a daunting task! Nevertheless even an incomplete inventory is better than none at all. You can begin with your most recent purchases then add the things you can remember.
Expensive items such as jewelry, collectibles, antiques, and artwork may have increased in value since you purchased them. It is advisable to have these appraised to be sure they are adequately insured. In addition to the list you can take pictures of rooms and specific items. Note on the back of photos where you bought the item. You can also videotape your home and it's contents.
Finally, however you choose to document your possessions keep you inventory in a safe deposit box. Remember to add any significant purchases to your inventory list as soon as you receive them to keep your inventory up to date.