Could you remember everything you own in the event of a fire, burlary, or other disaster? The answer of course, is no. That’s why it’s so important to have an accurate record of the property in your home.
Long Beach, CA July 23, 2004 — It certainly is not a new idea to encourage homeowners to create an inventory of their belongings. Fewer than 20% of homeowners currently do, yet they typically collect more on a claim and in a timelier manner. Although most insurance agents recommend an inventory, most people operate under the assumption that ?It won?t happen to us.? Unfortunately for many, it will happen to them and the value of a home inventory will be discovered when they begin to file their claims.
To perform your own home inventory, start by making a list of your possessions. Go room by room, remembering to include things not on the floor such as artwork, chandeliers, etc. List a description, amount paid, make and model, and serial number if applicable. Attach available sales receipts.
Be very thorough. Keep in mind any items in closets, drawers, storage units, and the garage. Some possessions such as jewelry, art, collectibles, and antiques may have increased in value. For a true assessment, have them appraised and find out if they need to be insured separately.
Take pictures of every room and also of important individual items, ensuring each photo is dated. Digital photos should be loaded onto a CD. Video footage is also extremely helpful.
Once your inventory is complete, keep your records in a safe deposit box or other secure place away from your home. In cases of catastrophic events such as total loss due to fire, your records will remain safe and secure. Remember to update it when you make a significant purchase. Information on smaller items can be added at regular intervals.
Having your home or small business inventory professionally done is extremely convenient and surprisingly affordable. Southern California Home Inventory, based in Long Beach, is the only local business specializing in this service. As a professional, third party company, their process is designed to maximize and expedite insurance claims. A full service program starts at just $350 and includes a complete written, video, and digital photographic record on CD of your home or business and its contents, with a duplicate copy kept off-site for safekeeping. They are licensed, fully insured and bonded, and all information is kept completely confidential. For further information contact Sandra Sanchez at (562) 985-0344. Or visit them on the web at www.recorditnow.com.
Southern California Home Inventory is an owner-operated home and small business Inventory Company based in Long Beach.