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Homeowners Advised to Prepare A Current Inventory of Home and Personal Property Before Disaster Strikes

SB Informer
Friday, July 14, 2006; 02:59 AM

Imagine for a moment that your house has been victimized by fire, theft, flood, earthquake, or other catastrophe. Could you remember everything you own? Keep in mind that anything you can’t remember will not be considered part of the claim. Where would you begin? Try it right now! Without being able to look, could you itemize every single possession in your home?

It certainly isn’t a new idea to encourage homeowners to create an inventory of their belongings. Fewer than 20% of homeowners currently do, but those who do typically collect more when submitting a claim and in a timelier manner. Although most insurance agents recommend an inventory, most people operate under the assumption that “It won’t happen to us.” Unfortunately for many, it will happen to them and the value of a home inventory will be discovered when they begin to file their claims.

To perform you own home inventory, start by making a list of your possessions. Go room by room, remembering to include things like artwork, light fixtures, window coverings, etc. List a description, the amount paid, make and model, and serial number if applicable. Attach available sales receipts.

Documents should include clothing, and any collections you may have. Keep in mind items in closets, drawers, storage units, and the garage. Some possessions such as jewelry, art, collectibles and antiques may have gone up in value. For a true assessment, have them appraised and find out if they need to be insured separately.

Take pictures of every room and also of important individual items, ensuring each photo is dated. Digital photos should be loaded onto a CD, and video footage is also extremely helpful.

Once your inventory is complete, keep it in a safe deposit box or other secure place away from your home. Remember to update it when you make a significant purchase. Information on smaller items can be added at regular intervals.

Having your home or small business inventory professionally done is a surprisingly affordable and convenient option. Southern California Home Inventory is one of the few Southern California businesses specializing in this type of service. As a professional, third party, their process is designed to maximize and expedite insurance claims. Their full service program includes a complete portfolio with written, video, and digital photographic record on CD of your home or business and its contents. The average cost is $350. They are licensed, fully insured and bonded, and all information is kept completely confidential. Visit their website at www.recorditnow.com for a free estimate or to schedule an appointment.