How a Home Inventory Enhances Your Home Insurance
Whether you’re renting an apartment or own your home, you’ve most likely got an insurance policy designed to protect your dwelling and the things inside. Should the unthinkable happen and you actually have to use that insurance policy, it’s important to have a plan in place. A home inventory is a great way to get started.
What Is a Home Inventory?
Quite simply, a home inventory is a complete breakdown of items, especially valuable content, in your home. It’ll help you provide a detailed list to your agent of items lost in the event your home is damaged or destroyed.
Why Do I Need a Home Inventory?
If you ever have to make a claim, a home inventory is a great asset to have, especially after stressful events like theft or storm damage. When you make a claim, you typically have to submit information on everything that was lost — which can be difficult to do for all of your possessions. Remembering to replace your TV or computer are no-brainers, but when it comes to remembering each piece of jewelry in your jewelry box, things tend to get overlooked. When you have your home inventory checklist, you know exactly what needs to be replaced, and you’ll have peace of mind knowing your entire household is protected.
Once you have your makeshift inventory created on paper or stored on a web-based platform (think Google Drive or Dropbox), you can get to work on your actual inventory. Here’s how.
Get technical.If you’re an app person, there are a ton of different home inventory apps you can utilize, just check out the app store. You also have the option of creating and customizing your own inventory with a simple Excel spreadsheet. Don’t want to start from scratch? Take a look at our home inventory checklist.
Check nooks and crannies. Next, do a walk-through of your home, making sure to hit every room in the process. Take plenty of pictures of each room, especially the expensive items, and any model or serial numbers. Then, be sure to enter all the information and pictures you have into your tool of choice, and store it in a safe place.
Think ahead. Be sure to keep your inventory up-to-date as you acquire new possessions and part with old ones! A home inventory is the perfect way to save yourself from potential headaches in the future, so give yourself a pat on the back for thinking ahead and keeping your home and family safe. A home inventory won’t be much use without the right coverage. Check in with your American Family agent and talk to them about our homeowner coverages to make sure you’re protecting what matters most.