In case of fire, flood or theft,
a detailed record of everything
in your home inventory will
save you timeand money.
If you had to make a claim on your homeowner's insurance,
would you have the information you need at your fingertips, or would
you be asking yourself how much did I pay for that sound system?
Putting together a detailed
record of your possessions may seem at first glance like a time-consuming
and even dull prospect. While it will take a commitment on your
part, it may turn up interesting information and it certainly
will be invaluable if you should ever need to file a claim.
One of the
easiest ways to document your household inventory is by taking
photos of every room (and don't forget the basement, attic
and garage). Digital cameras are great for this purpose.
Once you have
a photographic record, you need to add the details. For example,
keep track of the serial number, make and model of all appliances.
Also, gather up receipts for your big-ticket items such as appliances,
furniture, art and jewelry and store them in a safe place. You
may want to photocopy your inventory and store a second set of
information somewhere other than your house -- with a relative
or in a safety deposit box.
someone has their life disrupted -- whether through a natural
disaster or a break-in, this type of list helps makes the process
easier, says Bryan Murphy, chief claims officer, senior
vice president at Farmers Insurance.
hours, even days between sending information to your insurer and
getting the claim resolved can be frustrating and add to the stress
of the experience, says Murphy.
Web, find out more with related resources on how to document your
home and property with tips and checklists on protecting your
best loved and most expensive possessions against disaster: