Home Ownership Tip: Home Inventory

image-6Homeowners insurance can help provide financial help in case something happens to your property or its contents. Should it happen, having a current home inventory can make it much easier when filing an insurance claim.

Start with a sheet a paper for each room in the house. Go around the room and list every item. Don’t forget the attic, basement or other storage places.

For each item, record the following:

  • The original cost
  • Purchase date
  • Replacement cost
  • Model number, brand name, where purchased
  • A general description

It’s also important to take photos or video of each room for visual documentation. It is also a good idea to arrange valuable collections, silver, jewelry, etc. and take close up photos. Make sure you update your home inventory photos and list at least once a year.

Posted in Home Ownership.

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