In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get an insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance.
It’s likely that you’ve accumulated rooms full of personal possessions over the years, and the task of starting a home inventory might seem daunting. The trick is to simply get started. Here’s how:
While a pencil and paper will suffice, the following technology options can make starting and maintaining a home inventory much easier:
Your home inventory is useful only if it’s accurate and you can access it to provide information to your insurance company in case of fire, theft or another destructive event. Whichever method you’ve used to create your list, take these steps to keep the information current and safe.
Source: “How to Create a Home Inventory,” Insurance Information Institute, iii.org/article/how-create-home-inventory
(accessed June 10, 2020).
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