The more detailed your inventory, the more useful it will be if you have to make a claim. Compiling a comprehensive home inventory takes time and effort. Step 1: Take the time to walk through your property. Here are some steps you can use to help build your home inventory checklist. Taking the time to document your belongings now can help you recover faster after a loss. In this situation, having a current inventory of your possessions, including make and model numbers, may help you with any potential insurance claims. In no event will Travelers or any of its subsidiaries or affiliates be liable to anyone who has access to or uses the information provided in the video.Īfter a fire, burglary or another event in which you lost possessions from your home, it may be difficult to remember the details of every one of the belongings that you have accumulated over the years. Travelers does not warrant that adherence to any recommendations, best practices, or guidelines will result in a particular outcome. Text, The information in this video is intended for use as a guideline and is not intended as, nor does it constitute, legal, technical, or professional advice. For more information on creating a home inventory, visit /homeinventory. This simple video will be a big help in getting your life back to normal following a catastrophe. So use your phone to take a video of the items in every room, paying particular attention to your most valuable possessions. If a storm damages your home or business, having a current inventory of your possessions can help you get your life back on track faster. Examples of valuable possessions in the home one should videotape to insure against loss by a storm. SCOTT WALLQUIST: Did you know your smartphone can help you recover from a disaster?Ī red-and-white animation. Scott Wallquist, Travelers Safety Specialist. ![]() Navigating Your Business Through COVID-19. ![]() Once the items are compiled in an inventory spreadsheet in your phone, the file can be emailed to a safe location or archived as a PDF or e-book. The NAIC app, myHOME, allows users to separate items by rooms and categories, as well as add captions to photos which help capture descriptions and serial numbers. The National Association of Insurance Commissioners (NAIC) has developed an application for both Android and iPhone, which allows homeowners to walk through their household and snap pictures of rooms and items for inventory. Several organizations have developed tools for homeowners to catalog a home inventory. Smartphone Application for Home Inventory Once you have compiled your list, do not forget to update it when you bring a new item into your household or remove one. In case your inventory list goes missing or is destroyed, be sure to have a digital copy or keep an extra list in your safety deposit box or at a friend or relative’s house. Taking a video can also serve this purpose. A snapshot of a room or important individual items can serve as vital, tangible evidence of loss. Providing this information, such as the date of purchase and cost, makes the process easier for you and your insurance company. Be sure to contact your local agent to understand more about what your individual homeowners policy covers. Record costly items.For big ticket items like jewelry, artwork and/or technology, make sure you have them recorded in your inventory list as well as within your insurance coverage.Simple explanations, such as the make and model of televisions, or the quantity of books on your shelf, can make a difference. Don’t forget to include item details in your descriptions. Dividing the list by rooms and/or categories will make the job less intimidating. At first, creating a home inventory might seem like a daunting task. Tips for creating your home inventory list: When making a claim for property loss in your home, the more evidence and information you can provide about your lost and damaged items, the easier and faster the claims process can be concluded. It can also be very helpful to your homeowners insurance carrier in the claims process. Remembering every piece of furniture seems simple but do you remember every piece of jewelry, clothing or even shoes you own? What about every DVD, CD and book? The task might now seem impossible, given the amount of property in your residence.Īfter the unfortunate event of a catastrophe, such as a fire, storm or burglary, an inventory list becomes essential in accounting for all of your lost and damaged belongings. Now, consider the cost to replace every individual object within your home and take into account what you might forget when trying to recall each item from memory. Take a stroll around your house and try to imagine it stripped of all your belongings. ![]() Creating a Home Inventory: There’s an App for That!ĭon’t underestimate the value of the belongings in your home.
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