The Importance Of Home Inventory

Most people have more stuff than they realize. There are the belongings that are easy to remember, such as your laptop, the TV, and your favorite piece of jewelry. But how about the things you kept hidden in your cabinet? Even nobody can remember every pair of shoes they own.

This is where you should consider creating a home inventory.

What Comprises A Home Inventory?
To know the value of the item that has been stolen or damaged, you must know its item description. Here is the information that you should have:

• The make and model of the item (If applicable)
• The estimated value of the item
• Purchase date
• Receipts
• Serial Number

Make sure to take note of the items you keep in a storage facility if you have one. Your homeowner's insurance policy may cover these items in events of theft and fire.

How To Create A Home Inventory
You might think that the only way to create a home inventory is by creating a checklist. It's probably the most common way, but there are other ways to do it. It's up to you which of these would be easiest for you to create.

• Written inventory: A thorough home inventory list catalogs your belongings, including the make, model, and serial number, if there's one. You can create your list using a spreadsheet.
• Digital Inventory: There are applications on your phone that you can install that allow you to take a photo of the item. This records them on your app, including its item description.
• Visual Record: Move through your home with a camera recording your things and audibly describe the items. If a video camera is not possible, you can always picture them. A visual record shows proof of ownership.

Conclusion
The amount of coverage you need for your items depends on your total homeowners' coverage. The percentage can range from about 20 to 50%. However, you can adjust this coverage based on the value of your possessions. And that is why having a home inventory is important.

At Roper Insurance Services, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (828) 697-6709. You can also request a free quote by CLICKING HERE. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!