Why Should I Have My Contents Inventoried?
If you’re like most homeowners, you’re probably already prepared for emergencies like- fires, hurricanes, and floods. But, did you inventory your contents? Do you know how much it would cost to replace all of your belongings if a natural disaster happened right now? We’re not just talking about roof damage or window damage. What about your furniture, your kid’s toys, utensils, and your socks. If you’re an insurance policyholder, you should take a few minutes to inventory your contents. Even if you’re not on the verge of experiencing hurricane or flood damage, you should start inventorying your contents before you file a claim. Not only will inventorying your contents increase your chances of getting paid by your insurance company, but it will also help you receive a fair insurance claim settlement.
Trust us! As public adjusters, we’ve seen this all too often. Insurance policyholders receive an underpaid insurance claim because they never inventoried their contents. As a result, homeowners are forced to cover the extra damage that their insurance company wasn’t made aware of. Don’t make the same mistake. Start inventorying your contents, and get the money that you deserve from your insurance company.
How To Create A Content Inventory
The first thing that you need to do to create a content inventory is to make a list of everything in your home. From top to bottom, make a list of everything that you would have to replace if a catastrophe struck your home today. Next, take a picture of your home and all of your personal belongings. Then record a video of your home and all of your personal belongings. Finally, determine how much each of your belongings and your home is worth. Sounds easy right? That’s because it is. In fact, creating a content inventory only takes a few minutes.
List Of Things You Need To Create A Content Inventory
- Photo/Video Camera Device
- Excel Spreadsheet
- Original receipt of each item
- The year each item was purchased
- The serial number associated with each item purchased
How Does A Content Inventory Help My Insurance Claim
Creating a checklist of content inventory
The benefit of creating a checklist of your inventoried contents is that it helps you document everything that you own. The best place to start is in a small area. For example, you should consider starting in your- closet, kitchen cabinets, or your home office. At the same time, you should also start with your most recent purchases. This is helpful because it can help you determine an accurate value of your most recent purchases. Not to mention, this is an easy way to put all of your receipts together.
At the same time, don’t forget to inventory your off-site items. For example, if you have a tool shed that’s outside of your home, you should also compile a list of every tool that you own.
Why Should I Take Photo’s of My Inventoried Content
The benefit of taking pictures of your inventoried content is that it can help you prove that your belongings were in mint condition before experiencing any kind of damage. The best way to take pictures of your belongings is with a cell phone, or digital camera. Once you finish taking pictures of your inventoried contents, label each of them with the appropriate information from your checklist. If you can’t find a place to store all of your pictures, use a flash drive, dropbox.com, or a digital cloud. By doing this, you will able to store all of your inventoried content items images without worrying about losing them.
Why Should I Video Record My Inventoried Contents?
If you want to go the extra mile to ensure that you’re prepared for any kind of home damage in the future, you should video record all of your inventoried content. While this video recording your home contents has the same benefit of photographing them, it never hurts to protect your belongings. Take a few minutes to video record each of your inventoried contents one by one and make a detailed description to go with each of them. As mentioned before, if you’re sure where to store your video content and photo content, use a flash drive, a digital cloud, or dropbox.com. In essence, this will help you save time and stress. Plus, it will help you prove to your insurance company that your inventoried contents were in perfect condition before they experienced any kind of damage.
Should I Put My Inventoried Content In An Excel Spreadsheet?
Here at our local public adjusting firm, we recommend everyone put their inventoried content list in an excel spreadsheet. While writing your content inventory items down on paper is a great idea, there’s a higher chance of you losing your inventoried content if you write it down on paper. Just as you might imagine paper tends to rip, decay, and smear over time. Therefore, the best way to avoid losing your inventoried content is to create an excel spreadsheet.
Excel spreadsheets are useful tools because they can help you organize all of your belongings. An excel sheet can also help you project the future value of all of your inventoried contents. In doing so, you will never have to worry about undervaluing your home contents.
Need Help Estimating The Value Of Your Home?
If you have already experienced home damage, and you need help determining the value of your home, contact Sentry Public Adjusting. Our professional licensed public adjusters can help you calculate an accurate estimate of your home damage. We can also help you file an insurance claim to help you get the best settlement for you.
When it comes down to helping homeowners get the money that they deserve, no one cares more than Sentry Public Adjusting. We take the time to make sure that you get every dollar that you deserve. And the best part is, we perform home estimates for FREE. Remember, there are no risks or obligations. All you have to do is give us a call today. Call 850-344-9616.