Look around your house. You have a ton of stuff! There are items you probably wouldn’t even think about if you were asked to list all of your possessions. Well, what would happen to that stuff if a disaster struck or your house was broken into? If you answered that your home or renters insurance would cover it, you are correct. However, one simple item—a home inventory checklist—could make the process of replacing your items much easier.
There are many reasons to create a home inventory checklist. As mentioned above, it can help identify items lost or damaged in a disaster or theft. It can also help you figure out how much insurance you need to buy when you’re shopping for insurance. Finally, if you experience a claim, an inventory checklist will help your insurance carrier settle your claim faster and can also help verify any losses for your tax return.
Here are some tips to help you get started with your home inventory checklist:
Creating an inventory is simple. Acuity has our own personal property inventory worksheet that you can fill out. There are also plenty of apps available that can help you keep track of your property digitally, including Encircle, The Home Inventory, and III Inventory. Whether you choose to create a paper or digital list, it is important to take action and start now. You may be surprised with what you have!