Read our checklist of items that could affect your homeowner insurance coverage to make sure you are covering all the bases. If you agree with any of the following statements, it may be time to look at the terms of your homeowner insurance policy and discuss options with your agent.
- We would like an estimate of our home’s reconstruction cost at today’s prices.
- In the event of a loss to our contents/personal property, we want items to be replaced with no deduction for depreciation.
Second of two parts
So you know why you need a home inventory, but where to start? There are several tools available to help you document your home inventory.
- The National Association of Insurance Commissioners has a free app called MyHOME Scr.APP.book to electronically store home inventory room by room, including photos, descriptions and purchase information. Apple® or Android® users can visit the iTunes® Store or Android® Market and search for NAIC.
- Those without a tablet or smartphone will find a downloadable home inventory list with appliances, electronics, furniture and other items found in many homes.
First of two parts
Home values have been a top concern in recent years, but how often do we pause and think about the value of the possessions inside our homes? If you’re a renter, homeowner or condo owner, when was the last time you took an inventory of the contents of your home?
A home inventory is a listing of the contents of your home and the cost to replace them if lost or damaged. Despite the numerous benefits in detailing an inventory of our homes, the National Association of Insurance Commissioners indicates that nearly 60 percent of Americans do not have a list of their homes’ contents.