When filing a claim for destroyed or stolen items, pre-recorded documentation will make a claim easier and more credible. Be sure that all your items are covered under your current policy. You might be surprised at the list of exceptions that some insurance companies have listed. However, most insurance companies do suggest a documented record of your belongings. The format is not the same across the various insurance companies but the expectation is!
Here are a few insurance company quotes regarding the value of a inventory:
Under their "Your Property" section, they ask you to ask yourself, "Do I have an inventory and photographs?"
State Farm Insurance
They offer the following under their "Home Inventory Tips" - "The threat of loss of property from fire, theft, or other causes is always present. An accurate inventory and proof of ownership at the same time of a loss can make claim settlement easier and faster."
Farmers Insurance Group
The following can be found on the back of their "Household Contents Inventory Record Book" - "This record can be worth thousands of dollars to you. Keep it in a safe place outside your home."
"Conducting a Personal Property Inventory" literature states: "Take the time to compile an inventory of your home now, and it will save you precious time and frustration later." "Benefits of having a personal property inventory include:
1. Helps to ensure you have the coverage you need.
2. In event of a loss, it makes it easier for you to file a complete and prompt claim, supported by accurate documentation.
3. Helps determine the replacement cost of your lost or damaged possessions to settle your claim quickly."
Be Prepared...Take Inventory Before Disaster Strikes!
An inventory is a detailed list of the personal property or assets located in your home, rental property or business, including pictures. You should also include property that you stored elsewhere, perhaps in a garage or storage shed.
Your list should include: furniture, jewelry, antiques, artwork, appliances, kitchen contents, clothes, carpets, drapes, computer equipment, television sets, CD players (and other audio or audiovisual equipment), musical instruments, clocks, mirrors, linens, lawn mowers, snow equipment, tools, sports equipment, collectibles and any other items of value.
Here are just a few reasons how you can benefit from our inventory services:
Receive insurance settlements faster because you will be able to identify what was lost. Most people can't recall every item accumulated over the years after a loss. Also, to make sure you are not under-insured with your current policy.
Taxes and Valuation
A detailed inventory can help verify losses for income tax deductions.
A line listing or picture inventory can be used to supplement legal documentation or information.
Moving and Storage
Keep track of lost or damaged items.
Rental Properties (Landlord and Tenant)
Document the condition of the property and a personal property inventory, including pictures.
Home Improvement Tracking
Record details of any big projects such as kitchen and bath remodels.
Professional & Confidential Inventory Services
WJ Home Inventory Services
PO Box 4702, Cherry Hill NJ 08034 +1.856.607.2020 email@example.com
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