![]() ![]() That means things that may sound tedious to record, like small decor items or the exact number of jeans you own. The bottom line is that you should catalog everything, not just the most important stuff or recent purchases. Sources: Statista, ForRent, Credit Donkey, Circle Furniture, Cnet Items to Record You might be surprised about how things add up, so it’s better to include as much as you can. We also suggest recording anything with any value.Īlthough each book on your shelf may only hold a few dollars of value, collectively, they account for a larger sum than you’d think. Secondary to filing a claim with your insurance, having an accurate and complete home inventory helps you file losses on your tax returns so you can get the refund you deserve.Įven if you never lose any of your property, doing a complete home inventory ahead of time ensures your personal property insurance coverage is enough.ĭo you need to include absolutely everything on your home inventory? Only the things that you ever want to keep. Plus, recording details like serial numbers and brands is nearly impossible after the fact. That can be the last task you want to do while you’re dealing with all the repercussions of an already hectic situation like a robbery or natural disaster. To make sure you’re getting reimbursed the correct amount, you’ll need to provide a list of everything that was lost - with as much detail as possible - to complete your insurance claim with your insurance agent. ![]() The main reason it’s important to have a complete inventory of your home is in case you lose property in a situation covered by your insurance. Why It’s Important To Do a Home Inventory Final Thoughts: Guide - How To Do a Home Inventory for Insurance.Why It’s Important To Do a Home Inventory.While you may not care about your junk drawer, it’s important to be able to list your home’s contents so you can get reimbursed from your home insurance or renters insurance company in the event your property is lost or damaged.Īlthough it may seem like overkill to list out everything you own, once you get started, doing a home inventory for insurance is not that hard. Ultimately, there’s a lot of stuff in your home you may not remember - especially after a major event like a fire. Do you think you could name every item in your junk drawer? Probably not. ![]()
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