The Importance of a Home Inventory

Whether you’re a DIYer or opt to use a home inventory app, your goal is to document each item in your house and include information such as make and model (if applicable) and estimated value. It’s also helpful to tuck away receipts and appraisals.


Whether you’re a DIYer or opt to use a home inventory app, your goal is to document each item in your house and include information such as make and model (if applicable) and estimated value. It’s also helpful to tuck away receipts and appraisals.


Store this paperwork outside your home, and consider keeping a digital backup copy on your computer.

What is a home inventory?

A home inventory is a detailed record of personal possessions that includes their estimated financial value. It can be as simple as a list in a notebook, or you can use more advanced technology like a smart phone app. A thorough home inventory should include photos or videos of your belongings, as well as the make and model of each item. Also, for major items, a serial number should be recorded. In addition, keep receipts and appraisals for jewelry, art or other collectibles.

The goal is to have a complete, accurate home inventory that can be used in case of an emergency or disaster. This will help speed up the insurance claims process, and it can help ensure you receive the maximum amount for your claim.

It’s important to do a room-by-room inventory of your property, including the basement, attic, garage and any detached structures, such as tool sheds. Be sure to document the contents of closets and dressers, too. And don’t forget to record your belongings that are kept in self-storage facilities.

The best way to compile a home inventory is to use an app that will allow you to upload photos, scan barcodes and record the details of your possessions. Regardless of the medium you choose, it’s important to store a copy somewhere away from your house, such as in a safe deposit box or an online storage account.

Why do I need a home inventory?

Your home is more than a roof over your head; it’s where your family lives, grows and creates memories. And while it’s impossible to protect against every possible occurrence, 포장이사 such as a flood or fire, you can take steps to ensure your possessions are protected with the right homeowners or renters insurance policy. One of the best ways to do this is by compiling a home inventory. This list of your personal belongings and their monetary value is an essential tool should disaster strike or if you ever need to file an insurance claim.

A home inventory can be as simple or complicated as you choose — it can include everything from a handwritten notebook and a folder of receipts to an app on your smartphone with pictures and serial numbers. Whatever method you choose, make sure you store your home inventory in a safe place, such as a fireproof safe or a safety deposit box. And remember to update your home inventory periodically, especially after a major purchase.

The benefits of completing a home inventory are many. In addition to making it easier to file an insurance claim, it helps settle claims faster and more accurately. Plus, it can be used to verify losses for income tax deductions and provide proof of ownership when submitting an application for disaster assistance.

How do I create a home inventory?

A home inventory can be as simple as a list of the items in each room, or as detailed as you like. Be sure to include information on the make, model and serial number of each item, as well as a description and estimated value of the piece. You can also attach receipts or appraisals, if available.

Depending on your preferred method of documentation, you can create a home inventory using paper and pen, a spreadsheet software program like Microsoft Excel or a home inventory app. You can also find plenty of existing templates online. For instance, Mississippi State University offers a straightforward inventory format and the Nevada Division of Insurance offers valuable tips for creating a home inventory checklist.

Whatever tool you use, you should store your home inventory off-site. This will help keep it safe in the event your house is ever damaged or destroyed. You could save it on a computer or cloud service, or send it to a trusted friend with a thumb drive.

The best way to approach a home inventory is to break it down into sections and tackle each room at a time. This will prevent you from getting overwhelmed and can give you a sense of accomplishment as you finish each section. Be sure to account for any items you keep in off-site storage, too.

How do I update my home inventory?

Whether you choose the old-fashioned paper method or today’s more advanced home inventory apps, make sure you choose a system that works for your lifestyle. Also, if you do go with the digital option, consider using an app that allows you to back up and store your documents and images on a cloud or in a safe deposit box. This will keep your information safe in the event of a disaster.

When it comes to creating a home inventory, remember that the more detailed it is, the better. Try to include all of your possessions — including items in storage boxes, like your basement or attic. It’s also a good idea to record important details about each item, such as where it was purchased or the serial number.

It’s also a good idea to update your home inventory regularly. This will help you keep track of what’s new in your house and ensure that your home insurance coverage is adequate. Typically, you’ll want to do this at least once per year and whenever you purchase a significant item. The more current your home inventory is, the easier it will be to file a claim should you ever need to. Having a clear picture of your belongings will save you time, money and headaches in the future. It will also protect your valuables from the risk of theft or damage.