Time to Do a Home Inventory

Posted by Andrea Chatwood January 6, 2014
A Home Inventory Can Help Protect You From Personal Property Loss

How to Take Stock of Your Stuff

Spending the holidays with friends and family is a great time to appreciate the aspects of life that come without a price tag. But, now as we enter the New Year, it might just be the perfect time to take stock of your material possessions.

Did you get a great gift for the holidays? Maybe a diamond ring, a new musical instrument or a beautiful watch? All of these items should be insured, and, just as importantly, added to your home inventory.

What is a home inventory, you ask? Once created, it will be the most valuable item in your house.

The first step is to make a record of every item in your house that you would want and expect to be covered by your insurance. This list should include your computers, TVs, jewelry, antiques, china, art, furniture, gardening equipment, tools and many other things. Include serial numbers if you have them, and take pictures of each item. Mark down the item’s condition, and how much you paid for it (including a receipt image would be ideal).

Another way to approach this is to create a home inventory video. Videotape all of the valuable items in your home, making sure to zoom in on the smaller items. You should still document, whether by video, in an accompanying report or in a mobile app, their serial numbers and other identifying markers.

The more specificity you include, the more likely you’ll be able to get a claim filed quickly, and at the right amount, should anything ever happen to your stuff.

In addition, there are several software programs and apps available to help you create a home inventory. However you choose to make yours, it’s important to back up this information and store a copy outside your home, just in case your home is severely damaged.

This is an opportunity to learn the real value of your items, especially art and jewelry, and serves as a reminder to get them appraised often. The value of these types of items can go up over time, so you should also make sure they are insured for the right amount. Be sure to check with your independent agent that your policy covers all your belongings, even the most personal and valuable items.

 

Use Safeco’s Free Home Inventory App

With Safeco’s Home Inventory app, not only can you take photos of your items and record details about them, you can save your entire inventory to the cloud – all for free. Download the app for iPhone or iPad and get started today!

Tell us what you think

Let the world know what you think, but do so responsibly. Comments are moderated and we will not post personal attacks, obscene language or inappropriate material, comments with links, or comments from people under the age of 18. If you have a question, check out our Comment Submission Guidelines.

By posting your comment, you agree to our site's Terms & Conditions and Privacy Policy.

© 2016 Liberty Mutual Insurance, 175 Berkeley Street, Boston, Massachusetts, 02116

Insurance is offered by Safeco Insurance Company of America and/or its affiliates, with their principal place of business at 175 Berkeley Street, Boston, Massachusetts, 02116. This website provides a simplified description of coverage. Nothing stated herein creates a contract. All statements made are subject to the provisions, exclusions, conditions and limitations of the applicable insurance policy. Please refer to actual policy forms for complete details regarding the coverage discussed. If the information in these materials conflicts with the policy language that it describes, the policy language prevails. Coverages and features not available in all states. Eligibility is subject to meeting applicable underwriting criteria.