A home inventory is a precise
documentation of your personal
belongings, all combined in a print
portfolio and cd with descriptions,
pictures and appraisals when appropriate.
Just like having home owner's
insurance, car insurance, health
insurance and life insurance, it is
better to have it and not need it,
than to need it and not have it.
We prefer to assume that a
catastrophe or a disaster will not
happen to us. Depending on wishful
thinking and luck is not the best strategy.
Being prepared in the event of a disaster or catastrophe is the best defense.
A: Call your insurance company. Your insurance company is
going to ask you for an inventory of your belongings.
Ask yourself the following questions:
A home inventory is vital for both claims processing, AND determining
adequate insurance coverage prior to a catastrophic event.
Insurance Claims - Speeds
up the claims process. Simply
hand them a copy of your
portfolio/cd and it will be
much appreciated by the
Insurance Coverage -
Confirms you are not under
Estate Planning - List your beneficiaries for each item. No added stress or
bickering between family members.
Moving Out/In - Are you moving, get a moving or complete inventory before
you pack and when you arrive at your new destination you can check items off
Financial Advisors - Know your actual net worth with all assets being
Legal Matters – Getting ready to go through a divorce? Divide your assets
Property Management / Landlords – Document conditions before a
tenant moves in and condition before they get their deposit back.