By: Edward L. Blais, JD, CIC
If your home is struck by disaster and you’re faced with a
loss, would you be able to remember all of your damaged or destroyed
possessions? This is why creating
a home inventory is essential, especially when filing your insurance
claim. Having an up-to-date
inventory can work to verify your losses and help determine the proper amount
of coverage you need.
According to a 2012 survey from the National Association of
Insurance Commissioners (NAIC), more than half of Americans do not have a home
inventory of their possessions – putting them at risk for inadequate home
insurance coverage, should severe weather strike.
Developing a proper and complete home inventory is a simple
process. Though it may take some time, you’ll find that, should you ever need
it, you will be relieved to have one on-hand and current.
Please see below for some useful tips on how to create a
comprehensive home inventory:
Document valuable
items: Items such as jewelry, fine art and other collectibles may have
increased in value since you received them. Check with your agent to make certain
that you have adequate insurance for these items, as they may need to be
insured separately.
Take photos: In
addition to your list, taking pictures of these items will help secure your
inventory. On the back of these photos, you should note what is shown, when and
where it was purchased, the serial number, and its estimated value. Remember to
not forget things that are in closets or drawers.
Videotape belongings:
You could also walk through your home or apartment videotaping and describing
these contents for easier documentation.
Properly store your
lists/photos/videos: Keep your inventory and available receipts in your
safe deposit box or at a relative's home. This way if your home is damaged,
your inventory will remain secure. Remember to update the information on your
inventory regularly.
If you have any questions regarding a home inventory, or
other insurance related topics, one of our friendly, knowledgeable agents will
be happy to speak with you. Call
Blais Insurance at 401-725-0070 today to discuss how we may help to better
protect your treasured possessions.
