![]() The Military Wallet is a property of Three Creeks Media. This information will also give insight into how much homeowners insurance you should buy, make it easier and quicker to settle a homeowners insurance claim, and make it easier to substantiate any losses for tax reasons. ![]() The suggestions above will help you learn how to document your possessions for insurance purposes, so your items will be protected if something happens. You never know when something terrible may happen, so it’s better to be protected. If you have a fireproof safe, keep a copy of your documentation there for safekeeping. You should consider keeping a copy in a safe deposit box if you have one, with a relative or close friend, with your insurance agent if they keep copies for customers, or uploading to an online file storage service like DropBox, Google Drive, Apple iCloud, or Microsoft OneDrive. Your home inventory doesn’t do you any good if it is in your house and it is stolen, burned, damaged by floodwaters, or otherwise destroyed. Where and How to Store Your Home Inventory Be sure to include any riders for valuable property in your homeowner’s insurance quotes. Tip: Get homeowner’s insurance rate quotes at least once per year to ensure you get the best value for your needs. You may wish to get a professional appraisal for jewelry, artwork, antiques, memorabilia, and other one-of-a-kind or hard-to-replace valuables.īe sure to check your homeowner’s insurance policy for limits on single items and take out a rider on these items if necessary (for example, my wife and I took out a rider for her wedding ring). Documenting One of a Kind Items and Other Valuables Doing this gives you a listing of serial numbers, model numbers, and other specific information that will help file a claim. It is probably a good idea to document your possessions in conjunction with video or photo documentation. You can then give a copy of the sheet to your insurance agent. Include serial numbers and model numbers if applicable. Document where the item is in your home and what it is. ![]() This process is similar to creating a financial inventory: start by writing down everything you want to be insured. The most important thing is that you take the pictures close enough to see the item and where it’s located in your home. Your digital camera will work just fine for the needs of your insurance company. When you print them out, document where the item is in your home and what it is, if it’s not obvious from the photo.Īs with videos, you don’t need professional photos. You’ll need to take clear pictures of everything you want to be covered. When you document your possessions for insurance purposes, photos work well. Make sure you include the garage and any other buildings on your property that are listed in your homeowner’s policy. All you need to do is walk around your home and take a video of the important things that are covered in your home insurance policy. This video doesn’t need to be professionally done your home video recorder will work perfectly. Speak to the camera while you video explains everything you look at, so the insurance company knows what you’re talking about. The best way to do this is to start at one end of your home and work to the other end. ![]() When you videotape your entire home, you’ll show everything you have so it proves what’s in your home. The everyday items you use would probably cost more to replace than the things you think of first, such as electronics, jewelry, art, etc. Imagine replacing your furniture, dishes, silverware, clothing, bed linens, books, CDs, DVDs, etc. ![]() Tip: Don’t forget to document everything! The items you use daily are probably more valuable than you think. ![]()
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