When my husband and I moved into our new home Jon Veersma our State Farm insurance agent reminded us to update our home inventory. Insurance companies suggest that you make a complete inventory of your belongings and also video or photograph them for visual proof. I don’t like to think about having my home broken into or having a fire but in the event that it happens, it pays to be prepared. Starting your home inventory is a good rainy day activity.
Thinking about the need for a Home Inventory can be a little scary. Knowing that your home will have to be burglarized or have a fire is painful but having Home Inventory takes some of the pain away. Your inventory will help replace the items that need to be replaced.
Start your inventory one room at a time. Take a sheet of paper and start at one end of the room and go all around the room and list the items in the room. Add the cost of the item, when it was purchased,how much it cost, brand name and the model number. Take pictures and a video of the room. For expensive items like silver, jewelry and collectibles list separate and take close up pictures. If there are drawers open them up make a list of contents and take pictures and video of contents. Open cabinets doors and list items within and take pictures and video of contents. Remember to do the attic, garage, basement and outbuildings. Total up the cost on each room to go over with your insurance agent. The total my shock you your items may be worth more than you think.
After you have finished your Home Inventory make a second copy and leave with a trusted friend or family member. Put your copy with your important papers preferably in a fireproof safe. Get with your insurance agent to see if you need to increase your insurance. you should update your inventory about every 6 months or each time you add new purchases. IE: furniture, electronics and expensive gifts.
If you have questions on a Home Inventory or any part of the home buying process please, Don’t hesitate to Contact Me!