Home Inventory for Insurance Loss
You can protect your home, possessions, and liability with a homeowner's or renter's insurance policy. Homeowner's insurance policies may also provide coverage for things such as additional living expenses, credit card protection, or debris removal.
Before disaster strikes, an important first step is to prepare a home inventory of your possessions. An inventory accomplishes two important things:
- It makes the claim filing process more orderly and less stressful should you have a loss.
- It can help you determine whether some of your more valuable possessions require more coverage than your present policy limits provide.
How to Create a Home Inventory
- Download our home inventory checklist (opens in new window).
- Group your possessions into logical categories, i.e., by hobby, by room in your home, etc.
- Include celebration purchases like jewelry and art, as well as everyday leisure items such as televisions and guitars.
- Don't forget items you use rarely such as holiday decorations, sports equipment, tools, etc.
- Compile copies of original sales receipts and/or appraisal documents. Also note model and serial numbers.
- Carefully photograph or videotape each item and document a brief description, including age, purchase price and estimated current value.
- Store your home inventory and related documents in a safe, easily accessible place online, on your computer or in a fire-proof box or safe deposit box. Consider sharing a copy with friends, relatives and your insurance provider.
The National Association of Insurance Commissioners (NAIC) offers two mobile applications to help inventory possessions:
myHOME Scr.APP.bookThe NAIC's free application allows users to quickly photograph and create descriptions of possessions room by room. The list is stored electronically for safekeeping.
myHOME Scr.APP.bookThe NAIC's free home inventory application allows users to capture images, descriptions, and serial numbers of possessions. Users can also organize the information by room or by category. The application also creates a back-up file for e-mail sharing.