The traditional method of creating a home inventory is to make a list of all your belongings on paper, supplementing it with photos, videos, valuations, and receipts. Get in the habit of addressing your home inventory needs every year at this time, and you’ll be protected in the event disaster strikes. The excitement of the holidays will be over yet you can still easily locate receipts from big-ticket purchases-many of which are made between Black Friday and Christmas.
FREE HOME INVENTORY SOFTWARE ALLSTATE UPDATE
January is the ideal time to create or update your home inventory. Photo: When Should You Compile an Inventory? In that case, your home inventory can serve as evidence of the value of your collection, and you’ll be able to purchase a rider to your policy that specifically covers the art at a higher reimbursement value. If you collect original art, for instance, the value of your collection may well exceed your policy’s coverage limit for personal belongings. In addition to helping you file a claim that truly reflects the value of your property, a home inventory can be instrumental in obtaining more insurance coverage. And once you accept reimbursement from your insurance company, you can’t make additional claims. It’s fairly easy to remember large items, such as big screen TVs and the grandfather’s clock in your living room, but could you name every necklace in your jewelry box without looking? If you had to list all your valuables after a natural disaster or property crime, it’s likely you wouldn’t remember all of them.
FREE HOME INVENTORY SOFTWARE ALLSTATE HOW TO
Here, answer to all your questions about a home inventory-and helpful pointers on how to get it done. Now’s the time to compile that essential inventory so you can start the year with a greater sense of security that your personal property will be protected. Without a home inventory prepared in advance, that list would need to be pieced together from memory. In the stressful aftermath of a disaster, could you count on your memory to recall what items have been lost and what they were worth? If not, you’ll likely get less compensation than you deserve.
But should such a disaster occur, you’d need to provide your insurance company with a detailed list of your belongings in order to be reimbursed for lost or damaged items. No one likes to think about the possibility of fire, flood, storm damage, or theft.
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