Learn how to create a practical record of your belongings and why it can be useful when reviewing property coverage.
A simple home inventory can make a big difference
A home inventory is a record of the belongings in your house, condo, or apartment. It can help you estimate what you own, discuss personal-property coverage, and document items if you later experience a covered loss.
Start one room at a time
Walk through each room and take clear photos or video. Record major items, approximate purchase dates, model or serial numbers when available, and estimated values. Open cabinets, closets, garages, and storage areas so everyday items are not overlooked.
Pay attention to special property
Jewelry, art, collectibles, tools, electronics, sporting equipment, and business property may have special limits or coverage considerations. Ask an insurance professional whether additional documentation or coverage options should be discussed.
Keep the record somewhere safe
Store a copy away from your home or in a secure cloud account. Update it after major purchases, moves, remodeling projects, or important life changes.
A home inventory is not a substitute for reviewing policy terms, but it can make that review much more useful.