It’s officially spring and that means it’s the perfect time to dust off the remnants of winter and welcome the warmer weather into your home. While some get to work reviving their lawns and cleaning out gutters, here at HIG we believe that spring cleaning time is also a great opportunity to take note of your personal belongings through a home inventory!
Imagine trying to remember the details of your belongings after a devastating claim. A home inventory clearly documents all of your possessions and their value, which can help expedite the claims process, especially when our memory may fail us. We know this process can sound daunting, so here are our tips to help you create your own home inventory.
Whether you’ve just moved into a new place or you have been there for 40 years, getting started on a home inventory might feel overwhelming, but it doesn’t have to be — especially if you’re organized. Start at one end of your home and go room to room on every floor of your home. Don’t forget spaces like closets, basements, or attics. If you store personal belongings in another location besides your home, such as a storage unit, be sure to include these items in your home inventory too.
Another great way to start is with recent purchases. Record your most recent transactions to kick-off your home inventory and then make your way through your other belongings.
The purpose of a home inventory is to document your personal items so that in the event of a fire or other disaster, you have proof of the possessions you have lost — that’s why including as many details as possible is important. For each item you record, note where you bought it, what you paid for it, a description of the item itself and any other relevant details. For electronics and appliances, it’s especially important to include the make and model numbers, along with serial numbers for reference. Serial numbers are usually located on the back or bottom of major appliances. If you have receipts for your purchases, you can include those as well.
Written details are an important piece of creating your home inventory, but a picture is worth a thousand words. Including photos or videos of your home and belongings can help paint a full picture of the things you own. Be sure to label photos or videos based on the item or the room itself. This can help keep things organized.
Store It Safely
After you have completed your complete home inventory, the most important thing is to store it safely. Your home inventory is only useful if you have access to it. We recommend storing a copy of your home inventory outside your home in a secure location such as a safety deposit box. You can also create a digital copy and save this on an external drive or online storage account, such as the iCloud.
Adjust Your Coverage
A completed and up-to-date home inventory clearly depicts all of your belongings and their value. Do you have the proper insurance coverage for all of your belongings? For example, fine jewelry, art, or collectibles that may have increased in value may require special coverage separate from your standard homeowners policy. This is where an HIG insurance agent can help — we can go over your home inventory with you to find the right coverage that fits your unique needs.
As you prepare for spring, make sure you’re really ready for anything with a home inventory. For more information about a new or existing homeowners policy, give us a call today at (508) 676-5949 or visit our website at higinsuranceagency.com.