Do You NEED a Household Inventory?
Do you want the long answer or the short answer? The short answer is, “yes.”
And there are lots of good times to work on your household inventory… In the spring when you’re cleaning and organizing, when you’re moving or re-modeling, whenever you make large purchases, or when you’re doing your annual insurance policy review.
You know when is NOT a good time to create a household inventory? After you’ve had a loss. You’re already in the middle of a tough situation. So now you’ve got this to figure out, too, and it could delay your claim.
Trust me… I’m speaking from experience. I had a house fire and had to spend agonizing hours writing down all the things I knew I’d lost. It was horrible.
If you don’t already have a household inventory, at least you’re in good company. Most people don’t.
We’re bringing this up because as your independent insurance agent, we want you to get the most out of your coverage. So, here’s our simple three-step plan to get you on your way from having this chore on your list of things to do, to getting it DONE:
1. Video Inventory: Bite the bullet. Set aside a weekend afternoon or a free evening and video your possessions. Do it all at once or just a room or closet at a time, narrating as you go. Be sure to include storage areas and keep at it until you’ve gotten to everything.
2. When You Buy: When you make major purchases, save your receipt. Start a file, hardcopy and/or electronic and include make and model information or snap a picture of the serial number.
3. Don’t LOSE It: You’ve taken the time to create your household inventory. Now just put it in a safe place. It should go without saying, but we’ll say it anyway… Keep it somewhere NOT in your house.
Once you’ve completed your household inventory, treat yourself. Hey, you adulted! And don’t forget to check in with your insurance agent once a year for an annual policy review. Your up-to-date household inventory will be your guide to making sure you always have the coverage that makes the best sense for YOU.