New Years Goal – Home Inventory
One of my New Years goals for this year is to take a complete home inventory. We recently moved and I realized that I have not updated my home inventory in a few years. I plan on spending time this month focusing on making sure my inventory is up to date.
I ended up making a spreadsheet that I plan on using to inventory our house. I wanted a bit more information on the spreadsheet than I was finding on pre-made ones.
You can download a copy of the spreadsheet I made here -> Tammilee Tips Home Inventory Worksheet.
I found some great information on taking a Home Inventory on State Farms website
What Items Should You Include?
Your home inventory should support the claims process for events ranging from the total loss of your home by fire, or other named perils, to the burglary of a few specific items.
A good way to ensure proper coverage is to move from room to room, recording items as you go. Pay special attention to the most valuable items, such as antiques, jewelry, and electronic equipment. Also, don’t forget to include items in your basement, attic, garage, and any detached structures such as tool sheds.
To establish the ownership and value of your property, your home inventory should include as much of the following information as possible:
What: Identify the insurable items in your house, either by room or by type. Provide a brief description of each item, including brand name, model name, and serial number. Establish ownership by attaching receipts and/or photos whenever possible. Update your inventory regularly to add or remove items.
- When: Record the purchase or acquisition date for each item. Attach receipts, when possible.
- How much: Attach receipts, credit card statements, or other documents of transaction. For appraisals on items such as antiques, art, jewelry and collectibles, be sure to include the name and address of the appraiser.
Make Backup Copies
Don’t let your home inventory become part of a property loss. Whichever inventory method you choose, be sure to keep a copy in a bank safe deposit box or other secure location away from your home.