1/3 of Americans don't know the value of their belongings. In the event that your home is damaged or destroyed from an emergency or disaster, an inventory can save you -- not only in terms of time, but also in terms of how much you'll recover from your insurance company. It’s estimated that a home inventory will help recover about 60% to 70% of your home's value from insurance companies, while those who do not keep inventories recover only about 30%.
5 Reasons For A Home Inventory
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Under Insured
Home Improvements?
New Possessions?
Will your insurance cover everything you own? - Claim Reimbursement
Most common claims are for fire, water damage, hail or wind and disasters. Do you know what you would need to replace? - Maintenance
Taking inventory of fixed assets can remind you of small maintenance tasks to avoid repair costs later. - Moving List
An inventory of home items before and after a move will help if items are lost or damaged during a move. - Estate Planning
Planning distribution of your estate assets from your inventory list saving frustration for family later.
How Do I Start A Home Inventory?
You could simply get a notebook and start a list of your items from room to room. However, there are many online tools and mobile apps that can help you get this task done faster and simpler. Find the right one for you and make it a priority and start your inventory today!