![]() However, if youve got to file an insurance claim youve got to both. With that in mind, it’s important to create a home inventory of all your stuff, documenting model numbers, serial numbers, brands, quantity, receipts, and more-the more information you can gather on an item, the better your reimbursement will be. To rebuild our homes and restore our possessions when things outside of our control happen. ![]() If you have a policy maximum which will only pay half of your estimated value, for example, you should consider buying more coverage. For example, if you just claim a “40-inch HDTV”, but you have a top-of-the-line model worth a lot more than most TVs in that category, your insurance company will find the cheapest 40-inch HDTV it can find and give you a check for that amount. Store Two Copies Of Your Household Inventory - One Outside Your Home If you do want to do these estimates before you begin you need to find out if you have an actual cash value policy or a replacement value policy. Receipts or photos in an attachment, if relevant. But there are many more, so look around to find one that fits your needs. Two popular options are: The National Association of Insurance Commissioners (NAIC) app. There are apps for iOS or Android devices as well as your desktop. Appraisals or cost at the time of purchase. Lots of tools exist to help you create your own home inventory. Make, model, or serial number if applicable. Most of the time, you can just generically tell your insurance company that you owned this and that, but if you’re not specific with a model number and brand, your insurance company will more than likely reimburse you for the cheapest comparable item. A home inventory list should include as much of the following information for the items as possible: Description of the item. RELATED: How to Set Up All Your New Holiday Gadgets Some insurance companies provide Household Inventory. Be sure to include serial numbers if applicable and consider engraving unmarked items with your drivers license number to help the police identify your. Here are some different ways you can create that inventory. You should go through each room of your house and list every piece of furniture and fixture within it. If your house ever gets broken into or-God forbid-catches on fire, you’ll want an inventory of all your stuff, so that your insurance company will fairly compensate you for the items that you lost.
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