Does Your Michigan Home Have a Home Inventory

Michigan home inventoryMichigan Home Inventory

This one goes in the category of those things we are planning to do when we get the time – making or updating a home inventory. It may not sound like an exciting activity, but in the event of a calamity such as a fire, burglary, flood or tornado, a current home inventory can save a lot of time, money and frustration in the insurance settlement process.

Take this test. Sit down and try to make a detailed list of what’s in each room of your dwelling. It’s amazingly hard to remember all the “stuff” that accumulates – wall hangings, curtains, cookware, clothing, sports gear, jewelry, knick-knacks, rugs, clocks, etc. Get the picture? This weekend, go ahead and bite the bullet. Video or photo each room and list major items on paper. Record brand, model, date and amount of purchase, if possible (serial numbers are important on some items). Also, saving receipts on big-ticket items is always a good idea. For antiques and jewelry, written descriptions or appraisals are important. Don’t forget the closets, and remember, even your attic may be full of valuables. You can usually get a home inventory checklist from your insurer.

Having a Video home inventory record

Having a home inventory can help you if you were to have a homeowners insurance claim. An easy and cost effective way to inventory your home is to take a Video Camera and go to through your house videotaping everything inside.  It is important for you to remember to keep the copy of this file at a seperate location so it is not damaged if something happens to your home.

These lists are great tools to help organize your records. Finally, remember the most important rule to update your inventory every year or so, and keep it in a safe location away from your dwelling. You do not want to leave the record in your home if it is destroyed. Taking the time to make and update your inventory now, can help you in working with your insurer later and maximizing your recovery should you have the need.

A home inventory is worthless if you can’t find it when you need it. If you save your home inventory list on your own computer, be sure to back up your list in case something happens to your computer. You can:

  • Burn your inventory to a CD or DVD and save the disc in a secure location such as a safe deposit box at your bank.
  • Print your inventory and save it somewhere safe outside of your home.
  • E-mail your inventory to a friend or family member so that it’s saved outside of your home.

Home inventory software:

Microsoft offers free home inventory templates. The templates are available to download. One of the best looking templates, and the one with the highest user rating, is the template designed for Access 2007

State Farm provides a Home inventory Checklist to help you inventory your items or in Michigan contact a  local Michigan homeowners agent to see how having a home inventory helps your homeowners insurance.

For more great ideals like this home inventory post go to our Michigan Insurance Information site for Michigan home insurance and safety information.