Updated: Jun 11
Today, let’s discuss inventory—not real estate market inventory, but rather the inventory of your house.
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Around 15 years ago, a previous client’s house burned down, which led them to create a massive booklet of everything in their house—even the serial numbers of their appliances and the receipts from their purchase.
Most of us go to the opposite extreme, which is just not recording anything at all. However, there is a tool at our fingertips capable of helping you get a detailed record of everything in your property: your smartphone.
The more information you have about your property, the more prepared you are in case of loss.
You’ll want to clean and organize your home to take inventory, so as you’re doing that, simply record everything you have in a given room. The more detailed, the better; record any brands, purchase dates, and prices. The more information you have about your property, the more prepared you are in the event of a loss for which you’d have to file a claim with your insurance company.
Once you record your home’s inventory, put it on a flash drive and store it in a safety deposit box, or else keep it in a water- and fireproof-safe on your property. Ideally, you shouldn’t keep that information at your property if you can help it. You could store it on Google Drive; you get that feature for free when you sign up for a Gmail account. For those with iPhones, you could store it on iCloud.
Hopefully, these tips have helped you to take some steps to be fully prepared in the unfortunate case of a loss. If you have any questions or need any help, don’t hesitate to reach out to us. We’d love to hear from you.