We’ve talked about why creating a home inventory catalog is important. Having a record of your possessions can help in the event of a claim or loss.
Now, let’s discuss how exactly you go about creating a home inventory catalog…
Step 1. Determine What Tool You Will Use.
You could keep a simple written version, for example, check out this one from one of our carriers, or a digital format such as a spreadsheet or Google doc. There are even apps that will help you to create one, you can learn more about those here. Pick the method that works best for you and would make it easier to update over time.
Step 2. Make A List.
Once you have your method, create a list of any and all important items you have. Include items such as expensive tech, antiques, one of a kind, family heirlooms, artwork, fine jewelry, etc. Include regular day-to-day items as well such as your laptop, engagement ring, or couch. Remember to check out of sight places such as your attic and garage when making your list. Make sure to include the following where applicable:
- Model Numbers
- Serial Numbers
- Original Purchase Price
Step 3. Create Visuals.
Walkthrough your home and take photos of the items on your inventory, making sure the photos are clear and complete. You could also take a video, narrating what is in the room and listing off the objects on your inventory. These visuals do not need to be professionally done; most smartphone cameras are sufficient.
Step 4. Safeguard Your Inventory.
Once your inventory is created, you will want to make sure that it is stored in a safe place. If you opted for a written version, storing a copy in an off-site location may be helpful. Digital copies are great because you can store it online and access it when needed from most anywhere. You can also ask your insurance agent to keep a copy at their office.
Step 5. Update As Needed.
Update your inventory to include additional items as you make new purchases. If you have an item appraised or upgraded, include those details as well. Just remember, if you update it to also update any copies you have stashed away for safekeeping.
Once you have your home inventory catalog complete, chat with your insurance agent to determine what all is covered under your current insurance policy and consider which items may need additional coverage. For example, if you have a very elaborate gaming setup, that tech may exceed your policies limits. Give us a call at 877-GANNONS to get the conversation started!