And, since you’ve gone to the trouble of carefully recording all of your valued possessions, he advises that you regularly update it-perhaps during April tax season. That way, it will be easy to share with your insurer in the event your property is stolen or damaged, says Barry. Most apps allow you to store your completed home inventory in the cloud or to download it to an external storage device. Do whatever feels right to get you to the finish line.” Store & Maintain Your Records “In the end, it’s just a matter of preference how you approach making your inventory. “Experts will tell you to start in the kitchen, or start with a small room or with your big-ticket items,” says Barry. It’s a big job, one that may take several days to complete. Consider Extra Protectionįor your most valuable possessions- jewelry, artwork, heirlooms-Barry advises that you contact your insurer you may need additional coverage beyond the basic policy limits to adequately protect these high-value items. Don’t forget about personal property kept in off-site storage or at your workplace. But, Barry says, you can group other things together, such as clothing, tools, kitchen items and books (for instance, six pairs of jeans or a 40-piece china service). Large appliances, furniture, electronics, computers, rugs and other “big-ticket” items should be individually entered into your home inventory. If you no longer have a receipt for a specific item, estimate the price and approximate date of purchase. “Fill in as many of the blanks as you can,” says Barry. For each item, include type, cost, date and place of purchase, as well as model and serial numbers. Organize your inventory by room (kitchen, dining room, master bedroom). Try to find one that has convenient features such as barcode readers and secure storage options, says Barry. Plenty of apps offer the ability to create a home inventory for little to no money.
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