One in 10 homeowners have not reviewed or updated their homeowners insurance policy in more than five years.Close to half (44 percent) of homeowners have a home inventory, and the majority (54 percent)who do, have reviewed or updated it within the last year.After all, would you be able to remember all the possessions you've accumulated over the years if they were destroyed by a fire, tornado, storm or other natural disaster? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance.Īccording to a survey from the National Association of Insurance Commissioners (NAIC), more than half of Americans don't have a home inventory of their possessions, putting them at risk for inadequate home insurance coverage, should severe weather strike. Top 10 states with catastrophe-related homeowners insurance claims.īefore catastrophe strikes and you're faced with a loss, make a home inventory that includes lists, pictures or a videotape of the contents of your home. CO Insurance Consumer Satisfaction Poll.Wildfire Mitigation: Colorado Homeowners Survey.Factors Affecting Homeowners Insurance Cost.CO Auto Insurance Marketplace & Fact Sheet.Seat Belts, Air Bags & Child Passenger Safety.NM Personal Insurance Credit Information Act.

How do I read my auto insurance policy?.You can photocopy a paper list, make a digital file, and store the list on a stick drive or in the cloud on Google Drive or Dropbox. Create backup files: Always create a backup file.Make sure to include these in your inventory checklist.

Don’t forget the garage and outdoor property : Many homeowners forget to include personal items in the garage, shed, and backyard.

Keep the paper copy and scan it, so you have a digital record of the receipt.

Include receipts for high ticket items : Try to keep receipts for all high ticket items.

Don’t forget to include things like clothing, accessories, shoes, grooming kits.

Don’t forget about the small stuff : The small things add up.

Include dates : If possible, include the date of purchase in your records.

Include as much information as possible, especially for high ticket items.

Keep detailed records : The more detailed, the better.

Simplify the process by breaking down the list into rooms.

Break down the list by room : Starting a list from scratch can be a daunting task.

They show proof your items are in your home.

Take photos or video : Photos and video take your personal inventory list to the next level.

Here is how you can create an organized and detailed record : Tips For Making The Best Home Inventory List The option you choose is up to you however, it may be best to include a combination of all the above to create a thorough list. Many homeowners are now doing a video walkthrough of their home and outlining the items they own.

Create a video : This is an increasingly popular option.

Take photos : Collecting photos is an effective visual way to track items and prove you own them.

Digital file : Keeping track of belongings in an Excel file or Word document is a simple way to maintain a digital record.

Many homeowners keep a log book or binder with a complete list of personal items.

A hard copy of items : The most traditional option.

There are many ways you can record your home contents today.

Sample home inventory list