A HOME INVENTORY – WHY IT IS USEFUL?
If a loss occurred today, would you be able to compile a complete list of the contents of your home? Would you trust yourself to remember every item in your home and the approximate value of each item? If you are like most people, it would be very difficult, especially after a devastating loss. An accurate inventory of your contents and proof of ownership at the time of a loss can assist you with your insurance claim. That is why CORE CONTENTS RESTORATION LLC has created this Home Inventory document to assist you BEFORE a loss occurs and you are faced with the task of identifying all of the contents of your home! If you need assistance with creating the list, CORE is here for you!
HOW CAN A CONTENTS INVENTORY REALLY HELP ME?
An accurate inventory can assist you in getting reimbursement for the value of your lost or damaged contents. When you make an insurance claim for damaged or lost property, your insurance carrier may require you to show the quantity, description, actual cash value (i.e., depreciated value), and amount of loss associated with each item. If you omit some items or fail to include an adequate description of others, you may receive less than full compensation for your losses. Simply relying on your memory can be an expensive mistake. As an exercise, stand outside of your home and try to name every item in just one room, and then imagine having to do that for the whole house!
HOW AND WHEN SHOULD I CONDUCT MY INVENTORY?
Start now, even if your list will be incomplete. Start with new purchases then go from room to room and make a list of each item in the room – open drawers, closets, and storage boxes. You should avoid simply listing your Contents by a common name, such as “bed” or “clothing”. Be as descriptive as possible – include the manufacturer, brand name, model number, serial number, date of purchase or age, photograph, receipts, etc. Remember, a good home inventory includes a detailed list of your possessions, including receipts, descriptions, and photos of your contents.
Next, photocopy important documents such as titles, deeds, insurance policies, birth certificates, passports, credit card numbers, Wills, contracts, recent federal and state tax returns.
WHAT DO I DO AFTER I COMPLETED THE INVENTORY AND COPIED IMPORTANT PAPERS?
You should keep one copy of your inventory (and important documents) in your home and another one in a safe-deposit box, in a fire-safe box in your home, with a friend or relative, or uploading it to a secure data backup provider.
Also, remember to update your inventory (to add and remove contents) at least once a year and at any time you purchase high-end/big ticket items.
FILL OUT THE FORM ABOVE TO ACCESS A FREE SAMPLE HOME INVENTORY FROM CORE CONTENTS RESTORATION LLC
IF YOU HAVE ANY QUESTIONS, DO NOT HESITATE TO CALL CORE AT 772-577-2500