How to Take a Home Inventory of Your Possessions

Mortgage and Lending with HomeTown Lenders


Take a look at your homeowner’s insurance – specifically the coverage amount listed under the heading “personal property.”  Is it enough to reimburse you in case of a loss?  Oh, and that dollar amount does NOT include luxury items like jewelry, art, high-end electronics, hobby-type collections, or gourmet cooking gadgets.  

Here are 9 tips on how to create an “inventory” of all your stuff:

1.    Make a list of all your possessions.

2.    Think about family heirlooms, collections, furniture, flat screen TV’s, musical instruments, computers.

3.    Write down common items such as toys, clothing, shoes, holiday decorations, sporting equipment, tools, landscape art and swing sets. 

4.    Make copies of sales receipts or appraisals (jewelry, furs).  Write down serial numbers. 

5.    Group your possessions by “room” or “categories” to easily keep track. 

6.    Photograph or video high-ticket items, and include when purchased and dollar amount.

7.    Go through drawers and closets and document the contents. 

8.    Store your list in a safe place.   

9.    Review and update your inventory every year when your homeowners insurance is up for renewal.  

Storing your list can be done using the “cloud”—where you can post on a remote server that you can access anywhere in case your computer has been destroyed or stolen.  Oh, and there are phone apps that allow you to scan bar codes, take photos and serial numbers and electronically store them for you.

Finally, sit down with your insurance agent to make sure the homeowner’s policy covers all your possessions  



Comments (1)

Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

very good tip list for proving your possessions and vaule.  I've been wanting to update my inventory for years, you just gave me a nudge... Thanks.  I will re-blog for more exposure.

Jul 12, 2012 04:29 AM