give two reasons you should complete a home inventory.

#Give two reasons you should complete a home inventory. how to#
#Give two reasons you should complete a home inventory. serial numbers#

We can assist you in analyzing your insurance needs and help you decide how to most effectively protect your personal property. After all, an incomplete inventory is better than nothing at all. Update your personal property records when you purchase new furnishings and valuables.Īll of this might seem like a daunting task, but it’s important to try.Store your video or photo inventory off-site so you won’t lose it if your house is damaged.Keep any receipts you have with the list to make the claims process easier.

#Give two reasons you should complete a home inventory. serial numbers#

Noting serial numbers can also be helpful. Add brand names and descriptions where you can, especially when it comes to large-ticket items.Here are a few tips for completing and storing your inventory: Or, you can use a regular camera and create a home inventory checklist. The easiest way to take an inventory is to use a video camera, recording and describing items as you walk through your house. By putting together a list beforehand, it’s one less thing you need to think about should the worst happen. The second reason, as previously mentioned, is that you likely won’t remember everything you own on a good day, let alone when you’re reeling from some calamity. Therefore, one of the big reasons for completing a home inventory is to ensure that you have adequate coverage. When disaster strikes, it’s bad enough that something has happened to your valuables but, if you’re not adequately insured, the pain will be that much worse. One reason for completing a home inventory is to compare the value of your belongings to the “contents” limit listed in your policy to make sure you have enough insurance to replace those items if they’re lost, stolen, or destroyed. And, if your home is destroyed by a fire or other disaster, having a list of your possessions makes filing a claim easier and will therefore help you put your life back together. While it may be easy to remember the big things like your cars, computers, TVs, and so on, there are usually things you’ll forget, like that holiday china you have stored in the garage or some pairs of shoes.Īll of these things are considered part of your personal property when filing an insurance claim. Why should you complete a home inventory? What’s the best way?Ĭan you list everything you own from memory?