![]() ![]() “Sworn proof of loss” is an official, notarized sworn statement demonstrating the facts about your loss, the scope of damage, and the value of your personal items that were lost, damaged, or stolen in a way that’s covered by your homeowners policy. Your insurance company most likely won’t require you to have a home inventory, but it might ask for a sworn proof of loss when you file a claim. Do I need a home inventory for insurance purposes? In fact, 49 percent of homeowners have made a home inventory of their belongings. That way they get a better sense of how much personal property coverage they need. Some people even inventory their items before they apply for home insurance. That not only helps you get your claim settled faster, but it also minimizes your chances of forgetting to include an item in your claim. It can be valuable when you need to file a claim because it helps your insurance company verify your damaged property. Just visit for more details.A home inventory is a list of all your personal possessions along with their approximate financial value. ![]() ![]() The Insurance Information Institute has a FREE online tool that can help you create your inventory. If the cost of replacing them exceeds these limits, you may want to purchase scheduled personal property coverage. We can assist you in analyzing your insurance needs and help you decide how to most effectively protect your personal property.įinally, remember your homeowners policy covers valuable items such as jewelry, furs, art and antiques, only up to set dollar amounts. When you make new purchases, be sure to add them to your inventory.Store your video or photo inventory offsite or back it up with an additional drive.Keep these receipts filed together with any instruction booklets, warranties, etc. Keep any and all receipts on high-dollar purchases.Whether you use still photos or video to develop your inventory, include brand names and descriptions where possible, especially on high-cost items.If you don’t have access to a video camera, use a standard camera or phone camera. Use a video camera to record and audibly describe items as you move through your home.To understand how much stuff you have, develop a careful inventory of your personal property following these tips. An incomplete inventory is better than nothing at all. Though the task may seem daunting, it’s important to try.Update your personal property records when you purchase new furnishings and valuables.Store your video or photo inventory offsite so you won’t lose it if your house is damaged.Keep any receipts you have with the list to make the claims process easier.Add brand names and descriptions where you can, especially on large-ticket items.Here are a few tips for completing and storing your inventory: Or, you can use a regular camera and create a home inventory checklist. The easiest way to take an inventory is to use a video camera, recording and describing items as you walk through your house. Why should I complete a home inventory? What’s the best way?Ĭomparing the value of your belongings to the “contents” limit listed in your policy helps you make sure you have enough insurance to replace them if they are lost, stolen or destroyed as a result of a covered loss. And if your home is destroyed by fire or some other disaster, having a list of your possessions makes filing a claim easier - and helps you put your life back together. But what about that holiday china in the garage? Or every pair of shoes?Īll of it is regarded as personal property for insurance purposes. It’s easy to remember the cars, the computer, the TV. The fact is most people own more things than they realize. Let’s try a little exercise: Can you list everything you own from memory? ![]()
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