We’ve discussed building a home inventory in the past, but this time we’re not adding your holiday gifts to one. This time we’re taking into account the entire inventory of your home and what needs to be covered under your homeowner’s policy. Starting off you need to search for an easy area containing valuables, to begin with. If you have a home office this may be a great starting point for you to account for the high-dollar items in your home, since this room would contain computers and other electronic items. Then you’d move on to listing recent purchases, which could get you into the habit of doing this whenever something of value is purchased by you or for you. In your home inventory, you’d include the item name, its location within your home, your purchase date or date of receipt, the price at the time of purchase, and currently, the model and serial number and images or video of the item.
If this is something you feel you need to do for more items, like clothing in case of a fire, you would need to write out how many of an item you have, like “8 jeans and 3 shoes”, making specific note of items that are particularly valuable. Another strategy for itemizing your inventory is to take the serial numbers and all other identifiable information from the item and place it in your inventory. Equally as important as all of that would be to keep proof of value, like a receipt scan or picture and link that to your inventory. Here’s hoping your home inventory is keeping you on top of the items of value in your home.