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R&R Insurance Blog

9 Steps to Complete a Home Inventory

Posted by the knowledge brokers

home inventory_video skinWe talked about a great article we came across by Jim Guidry of the Wisconsin Office of the Commissioner of Insurance that talked about a way to protect your personal property by using your iPhone® or iPad®, he also gave some pointers on how to complete a home inventory.

(Hint) A suggestion from our staff is to hire your teenager to do this for you.

Take these 9 easy steps to complete a home inventory:

  1. Make a list of possessions, including "celebration" purchases, such as jewelry and fine art.
  2. Think about family heirlooms, collections and furniture. Also, consider items related to everyday leisure time, from flat-screen televisions to custom guitars.
  3. Take note of commonplace items such as toys, CDs and clothing. Do not forget items you may only use occasionally such as holiday decorations, sports equipment, tools, and high-ticket items kept outside your home such as landscape and swing sets.
  4. Attach copies of original sales receipts and/or appraisal documents to your inventory. Be sure to note model and serial numbers.
  5. Group your possessions into logical categories. (i.e., by hobby, by room in your home)
  6. Carefully photograph or videotape each item and document a brief description, including age, purchase price and estimated current value.
  7. Remember to open drawers and closets to document what is inside.
  8. Store your home inventory and related documents in a safe, easily accessible place, such as a secured site/file online, a fire-proof box or in a safe deposit box. You may want to share a copy with your insurance provider to make necessary updates to your coverage.
  9. Review and update your inventory annually and anytime you make a significant purchase.

More information on home inventories can be found on our website. Wisconsin residents who have more questions on home inventory or homeowners insurance, please contact KnowledgeBroker, Dan Wolfgram.

Topics: Insurance, Personal Insurance, inventory, possessions, home inventory, protect your personal property, complete a home inventory, home purchases

Use Your iPhone or iPad to Protect Your Personal Property

Posted by the knowledge brokers

iPadWe saw a great article by Jim Guidry of the Wisconsin Office of the Commissioner of Insurance which had a great suggestion on another way to protect your property using your iPhone® or iPad®.

With 2011 being a "bad claims" year, what better way to prepare and protect yourself this year than using your iPhone or iPad?

Use Your iPhone To Help Protect Your Personal Property

Wisconsin's severe storms can potentially cause significant damage to your home and its contents. The average claim payment for damage to or loss of home contents in Wisconsin was $5,961 in 2010.

One great free home inventory app to help with your home inventory process: myHOME Scr.APP.book (from the National Association of Insurance Commissioners (NAIC)).

More information on how to do your own home inventory.

Wisconsin residents, contact KnowledgeBroker, Kori Cumley for more ways to protect your personal property.

Topics: Personal Insurance, basement floods, iPhone, home inventory, severe storms, iPad, home damage, protect your personal property, commissioner of insurance, home loss