How to Conduct a Home Inventory for Insurance Purposes

Conducting a home inventory is a crucial step to confirming you have adequate insurance coverage for your belongings. This process typically involves creating a detailed list of your possessions, which can help you in the event of a loss due to theft, fire or other disasters.

How to Create a Home Inventory

The following is a step-by-step guide to help you conduct a thorough home inventory:

• Choose your method. Decide whether you want to create a written list, use a spreadsheet or take advantage of home inventory apps. Each method has its benefits, so choose the one that best suits your needs.
• Start room by room. Begin your inventory in one room and work your way through the house. This systematic approach can help prevent missing any items. Document everything, including furniture, electronics, clothing and kitchenware.
• Document details. For each item, note important details such as the make, model, serial number, purchase date and estimated value. This information will be invaluable when filing an insurance claim.
• Take photos and videos. Visual documentation can be invaluable. Take clear pictures or videos of each item, including close-ups of serial numbers and unique features. This visual evidence can support your written inventory.
• Keep receipts and appraisals. If you have receipts, appraisals or other documentation for high-value items, keep these records with your inventory. They can help verify the value of your possessions.
• Store your inventory safely. Keep a copy of your inventory in a safe place, such as a fireproof safe or a secure cloud storage service. This can help you access it even if your home is damaged.
• Update regularly. Your inventory should be a living document. Update it regularly, especially after making significant purchases or receiving valuable gifts.

Learn More

For homeowners insurance guidance near you, contact Cathy Boyd's 1st Class Insurance Services.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.