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Home Insurance - Protect Yourself with a Home Inventory Ames IA

Why do you need a home inventory? The primary reason to have a comprehensive inventory is in case of an insurance claim. When you make an insurance claim.

Allstate Insurancemarci Baldwin
(515) 232-0771
516 Lincoln Way #b
Ames, IA
 
Derby Insurance Agency Inc
(712) 233-2838
5529 Military Road
Sioux City, IA
 
Nelson Brothers/schroder
(515) 274-4785
3621 Douglas Ave
Des Moines, IA
 
Dodds Bob Insurance Agency
(319) 392-8311
202 North Main Street
Danville, IA
 
First Express Insurance
(712) 374-2645
800 Illinois
Sidney, IA
 
Severson Insurance Agency Inc
(515) 232-7203
205 Clark Avenue
Ames, IA
 
Mel Foster Company Inc
(319) 359-5446
3218 E 35th Street Ct
Davenport, IA
 
Holmes Murphy And Associates Inc
(515) 223-6800
420 Watson Powell Jr Way
Des Moines, IA
 
Leschensky Insurance
(563) 568-6347
19 Allamakee Street
Waukon, IA
 
Hills Insurance Agency
(319) 679-2139
131 Main Street
Hills, IA
 

Home Insurance - Protect Yourself with a Home Inventory

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Protect Yourself with a Home Inventory

Do you think you have a really good memory? Would you know your own things if you saw them? Great! Now, without going back into the room, write out a list of everything that's in your bedroom. And that means everything, from bookcases to chairs, from hair clips to how many pairs of socks.

Are you a little intimidated at the thought? Just consider how much more difficult the task would be if it was for every room in your home and you were doing it after a disaster, like a fire. Under that kind of stress, you are highly likely to forget something. This is the precise reason that you do a home inventory.

What is a home inventory? A home inventory is a detailed list of the personal property located in your home. Don't just include what is in your home, though. You should also include property that you have stored elsewhere, either in a storage area, a shed or a garage on the premises.

Your list should include everything: your furniture, jewelry, artwork, antiques, appliances, kitchen contents, clothes, carpets, drapes, computer equipment, television sets, CD players (and other audio or audiovisual equipment), musical instruments, clocks, mirrors, linens, lawn mowers, snow equipment, tools, sports equipment and any other item of value. And this list is not comprehensive. You may have a unique hobby and unique tools that correspond to it. You really have to consider EVERYTHING.

Why do you need an inventory? The primary reason to have a comprehensive inventory is in case of an insurance claim. When you make an insurance claim for damaged, lost or stolen property, your policy will require you to show the quantity, description and amount of loss associated with each item. Depending on the type of coverage you have (either full replacement cost or actual cash value), you may have to provide a depreciated value for your item. Where possible, you'll also be asked to provide copies of bills, receipts or other documentation to support your figures. The bottom line? If you forget some items or fail to include an adequate description of others, you may receive less than you should for your losses.

Generally, it is best to arrange your inventory by room. It helps to ensure that you don't miss anything. For each room, make a list of each item, opening Click to View the Home Inventory Checklist drawers, closets and any other type of storage. Be as descriptive as possible. For example, don't simply note that a bed exists: describe the headboard, footboard, mattress andbedding, and write down colors and dimensions. Don't forget the attic, hall closets, basement and outbuildings like garden sheds.Use our home inventory checklist .

While this entails a fair bit of work, do try to include the following information for each item:

  • Item description (and quantity)
  • Manufacturer or brand name
  • Model number or serial number
  • Description of where (or how) the item was obtained
  • Date of purchase or age of item
  • Receipt or other proof of purc...

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