For insurance purposes, take close-ups of unique or expensive items to document their existence and condition. Photograph open closets, cabinets, cupboards, and drawers. If using a video with an audio recorder or a tape recorder, you can verbally describe the contents as you go room by room. To jumpstart the task, photograph or videotape all walls in your home that have home furnishings.
What methods can be used to complete the inventory? Remember to keep all copies up-to-date and compare them on a semi-annual basis. Keep one copy of your household inventory away from the insured dwelling, as in a safe-deposit box.Where do you store the household inventory? As new items are obtained or others discarded, change your inventory accordingly. The initial investment of time and frustration in preparing the inventory may seem significant, but once completed the inventory will be useful for a long time with regular updating. To reconstruct a list of belongings from memory is often difficult because it is easy to overlook items hidden away, as well as those you use on a regular basis. In case of a loss due to burglary, vandalism, or an insured peril, your insurance company requires a listing of all items lost or destroyed. The inventory can also be used when planning the distribution of your estate. It gives a record of your personal belongings for insurance purposes, an approximation of the value of items owned to determine needed insurance coverage and for use in your personal net worth statement, and it is useful in planning replacements of furnishings and equipment. An accurate household inventory is a necessity whether you are a homeowner or a renter. It provides a method of knowing exactly what personal property you own. 6 What about antiques, art and collectables?Ī household inventory is an itemized list of your personal belongings.4 What methods can be used to complete the inventory?.3 Where do you store the household inventory?.
0 kommentar(er)
