Maintaining a home inventory can expedite insurance claims

By Marian Johns | | Sep 3, 2018


A home inventory can help you quickly determine what is lost or damaged after an event like a burglary, fire, tornado, hurricane or flood.   File photo

In today's high-tech, social media world, everyone is taking videos and snapping photos. But in addition to all of those selfies, you may want to think about capturing some of your belongings on camera as part of a home inventory.

Why would you need a home inventory? Home insurance expert and director of insurance product management for Kin Insurance Kevin Turner says that inventory can come in very handy if you have to make an insurance claim.

"A home inventory can help you quickly determine what is lost or damaged after an event like a burglary, fire, tornado, hurricane or flood," Turner said. "A good hone inventory will include photos or videos of your belongings, clearly showing their serial numbers, receipts and appraisals so you can get an accurate payout for your lost items."

However, Turner says a good home inventory does not have to be high-tech or fancy. 

"The inventory doesn't have to be complicated," he said. "It can be as simple as a typed list that includes photos of the items and serial numbers, their receipts and appraisals. If you're a spreadsheet pro, those are fine, too. The most pertinent information is a clear description and image of the item and its value."

Turner recommends storing the inventory off-site, where you can easily access it after an incident.

"You want to make sure you can access your home inventory in the event of a disaster, so storing the document in a fireproof safe or on the cloud (or both) is best," he said. 

Will a home inventory help prove the value of items that were lost if you have to make an insurance claim?

"An adjuster will help assess the cost of the damage to your home and personal belongings, however appraisals and home inventories are useful, too," Turner said. 

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