Possessions like these may also be separately insured, at which point homeowners should submit the corresponding appraisals to their insurance agent. Homeowners will need to provide the insurance agent with proof of the worth of such high-value items in the event of a loss. Professionally appraise cherished paintings or sculptures, unique collectibles, precious heirlooms and authentic jewelry. Make copies of the receipts and attach them to the checklist. Included in the master list should be critical identifiers, like the cost of the items, brand names, models, descriptions and serial numbers. When creating or updating the home inventory checklist, note key details. High-value acquisitions especially should be documented immediately. Document these newfound valuables in the home inventory checklist once January rolls around.Įven safer is to update the master home inventory checklist as soon as new items are purchased or received. New and treasured items are likely to come into homeowners’ possessions. In the whirlwind of extravagant shopping during the gift-giving season, presents big and small will be exchanged. Insurance experts recommend updating the master checklist at least annually, ideally at the start of the year. Once a home inventory checklist is prepared, the checklist should not be stashed away, gathering dust. Miscellaneous goods, like tablets and computers, the washing machine, bikes, cameras, AC unit and tools, ought to have a place in the home inventory checklist. Video game systems, bookcases and artwork may be situated in the family room or den. The kitchen, too, contains items worthy of documentation, including refrigerator, stove and coffee maker. While making your way into the dining area, document fine china, crystal, silver and chandeliers. The living room is likely to host a flurry of valuables, including laptops, artwork, sofas, entertainment centers and even curtains. In the bathroom, identify electronics, like the hair dryer or electric toothbrush. In the bedroom, for instance, note such goods as collectibles, beds, dressers and stereo system. Inside, walk through the house and record your assets. Cars and boats are added examples of valuables to be documented. In addition to documenting valuables inside the home, government officials from the Federal Emergency Management Agency advise that photos of the exterior of the home be taken. The critical data can then be exported to a spreadsheet or PDF, among other preferred formats. Certain apps allow the user to add warranty information, purchase dates and serial numbers to the inventory visually captured by a smartphone or tablet. Several apps feature convenient organizational features, such as the ability to upload photos, scan barcodes and sort items according to the home’s rooms. Since 2018, several relevant apps have become readily available to help make creating a home inventory checklist easy and thorough. Aside from ample photographs, videos, notes and receipts, homeowners can utilize the cutting-edge features of newly developed apps. Valuables can be recorded with the latest advancements in technology. When hiring movers upon shifting to a new locale, a home inventory checklist becomes an integral element of a successful move. The checklist provides a guide when distributing property to heirs. Home inventory checklists also are important in estate planning. When filing an insurance claim for the losses, the master home inventory record is the base upon which claims will be evaluated. Homeowners stay one step ahead of disaster with proof of the loss of personal belongings prior to an unfortunate event. Fires, break-ins and flooding are a few examples of catastrophic events that can destroy a homeowner’s valuables. By providing a complete inventory of the goods a homeowner owns, the homeowner’s insurance agent is better geared to offer the most optimal policy designed to meet the homeowner’s unique needs.Īfter moving into a home, unforeseen circumstances can devastate the property. A home inventory checklist is beneficial under numerous circumstances:īefore purchasing a home or luxury condo or renting an apartment, the homeowner should document all possessions.
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