If you have residential contents insurance you’ll want to create a home inventory. Get tips on creating a home inventory for residential insurance below. Creating an inventory of the contents of your rented or owned property can greatly impact the dollar amount of a residential insurance claim!

Making a list of all the items you have in your house can make a huge difference in the dollar amount of a contents insurance claim. Don’t be one of the 50% of Americans who doesn’t take an inventory of their contents.

Less than 50% of Homeowners Create a Home Inventory

In the past eight years homeowners across the nation have documented an inventory of their possessions to report to their insurer in the event of property loss. The Insurance Information Institute (​I.I.I.)​ conducted a poll that revealed ​48% percent of homeowners said they had an inventory in a June 2014 survey. incidentally, people from the south were more likely to keep an inventory (56%) trailed by homeowners in the Northeast (45%) as well as the Midwest (45%). Only 40 percent of homeowners in the West said they had an inventory.

homeowners-losses-claims-by-severity

How to Create a Home Inventory List

There are a variety of different ways you can create your own home inventory list. Some folks choose the standard notebook and pencil. You can also take photographs with descriptive labels of the contents in the, or take a stroll through your home with a video recorder, narrating the contents of your home as you go along. More pricier possessions like jewelry and art work are most likely going to be covered by another form of insurance. Talk to your insurer to learn more.

Noting everything you own in your home may seem a little intimidating to begin with, we recommend you organize your list in an orderly manner. Either by starting from room to room, or group by group ( electronic devices, appliances, jewelry, etc.) the decision is yours to make.

Once you have completed your glorious inventory list, make sure to keep it safe, outside of your home. Store it with a friend, relative or a safe deposit box.. Making duplicate copies is a suggestion as well. If or when you make an expensive purchase, be sure to add it to the list the sooner the better.

Quick Tips for Taking a Home Inventory:

  • Make a list of all the items you have, if you have bulk items (like a Blu-ray collection, simply list off the number of items).
  • Take pictures and notate photographs.
  • Video tape it. Narrate a walkthrough of your home inventory. Make sure shots are clear. Remember to keep a backup video somewhere safe.
  • Take note of big ticket items, you may need to add a rider for valuables over a certain amount.

A List of Items Generally Found in Homes

Below is a list of items generally found in homes from knowyourstuff.org (a site run by the Insurance Information Institute):

GENERAL APPLIANCES

  • Televisions
  • VCR/DVD player
  • Video camera
  • CD player
  • Stereo equipment
  • CDs, records
  • Radios
  • Sewing machine
  • Cameras
  • Answering machine
  • Phones
  • Washer/Dryer
  • Air conditioners
  • Heaters
  • Fans
  • Vacuum cleaner
  • Exercise equipment

GENERAL HOUSEHOLD

  • Carpet/rugs
  • Window treatments
  • Bookcases
  • Chairs
  • Lamps/light fixtures
  • Clocks
  • Mirrors
  • Vases
  • Collections (coin, stamp, etc.)
  • Pictures/wall hangings

LIVING ROOM

  • Sofa
  • Chairs
  • Coffee table
  • End tables
  • Entertainment center/wall units
  • Piano/other musical instruments

DINING ROOM

  • Buffet
  • Table
  • Chairs
  • China cabinet
  • China
  • Silverware
  • Crystal
  • Table linens
  • Tea/coffee sets
  • Serving table/cart

BEDROOMS

  • Beds
  • Bed Linens
  • Dressers/Chests
  • Dressing Tables
  • Night tables

CLOTHING

  • Shoes
  • Coats
  • Furs
  • Suits
  • Dresses
  • Sweaters
  • Sports Apparel
  • Shirts
  • Skirts
  • Jewelry

KITCHEN

  • Table
  • Chairs
  • Refrigerator
  • Freezer
  • Stove
  • Microwave Oven
  • Oven
  • Dishwasher
  • Coffee makers/other small appliances
  • Pots/Pans
  • Dishes
  • Glasses
  • Kitchen Utensils

BATHROOMS

  • Hair dryer/other electrical appliances
  • Scale
  • Shower Curtains
  • Towels

HOME OFFICE/STUDY/DEN

  • Desk
  • Chairs
  • Sofa
  • Computer
  • Printer
  • Scanner
  • Fax Machine
  • Books
  • Tables
  • Business Supplies

GARAGE/BASEMENT/ATTIC/SHED

  • Furniture
  • Luggage/Trunks
  • Sports Equipment
  • Toys/Outdoor Games
  • Bicycles
  • Small Boats
  • Trailers
  • Lawn Mower
  • Snow Blower
  • Shovels
  • Sprinkler/Hoses
  • Wheelbarrel/Other Garden Tools and Supplies
  • Ladders
  • Work Bench
  • Carpentry Tools/Supplies
  • Holiday Decorations

PORCH/PATIO

  • Garden Chairs
  • Garden Tables
  • Umbrellas
  • Outdoor Cooking Equipment
  • Planters
  • Jacuzzi