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Evidence of possession inventory
In the event of an incident like a house fire or other will you be able to recall all your possessions? Making sure you have a current home inventory can assist you in getting your insurance claim processed faster to verify your losses for your income tax return and allow you to buy the right quantity of insurance. Learn how to set up an inventory.

What is evidence of possession inventory?


If you're only setting up your family, the process of creating an inventory of your home is simple. If you've lived in the same home for a while, however it can be difficult to create an inventory list might be daunting. However, it shouldn't be. Get started here.


Choose a location that is simple to begin - A closed area like your kitchen's small appliance cabinet, your sporting equipment closet , or your purse shelves--is a good place to get started.


Write down recent purchases. Another strategy is to start with recent purchases--get into the habit habit of taking inventory of your purchases and then get back to the inventory of your proof of possession.


Include the basic information - Generally, note down every item you keep, and note where you bought it including the manufacturer and model the price you paid, and any other details that may be helpful in the eventuality that you need to make a claim.


Track clothing items by general category - For example "5 sets of pants", 3 pairs of sneakers ..." Note down any items you consider to be particularly important.


Record serial numbers – Usually found on the reverse or at the bottom of most electronic appliances and equipment, serial codes are an excellent reference.



Review coverage on high-value things - Art, jewelry as well as collectibles may be rising in value , and you may require additional coverage that is separate from your regular homeowners insurance. While you're creating your inventory of your home, ask your agent for advice to ensure that you've adequate insurance for these items before you lose them.


Don't forget off-site items - Your possessions that are stored in self-storage facilities are protected by your homeowner's insurance. Check these items in the inventory.


Save evidence of value Record sales receipts, purchase contracts, and appraisals with your list.


Do not be overwhelmed once you've completed your inventory, continue to work even if you cannot complete the whole thing in a short time. It's better to be able to keep an incomplete inventory rather than nothing whatsoever.





Home Inspection Checklist



A simple pencil and a piece of paper will do, however, technology can make creating an inventory for your home much easier.




Take pictures - Create a photographic record of all your possessions. Note important objects in the individual and entire rooms, closets or drawers. Label the photos with the item shown, the place you purchased it, the model or make model--whatever information might be important for obtaining reimbursement or replacement for the item. Use your smartphone and digital camera. Some give you the option to write a description of the item when saving the photo.


Tape it and walk around your home or apartment filming and describing the contents. For instance, it is possible to detail the contents in a cupboard in your kitchen "Poppies on Blue by Lenox, service for 12 that includes a dinner plate, salad plate, bowl, cup and saucer. Purchased in 2015."


Install an app. There are plenty of mobile app options that can assist you create and keep a space-by-room file of the belongings you have.




Keep your inventory of proof of possessionsafely stored




Your home inventory can only be beneficial if it's accurate, and you can access it for providing details to your insurance provider in the event of burglary, fire or another devastating disaster. Whatever medium that you've used for creating your list, make sure it's safe and put it in a secure place.




You should add important purchases to your list - It is a good idea to keep track of the items' information and receipts on your inventory while the details are fresh in your mind.


Save a copy sheet of paper inventory outside your house. - Keep it--along with applicable appraisals and receipts in a safe deposit box, or at a loved one's home. Create at least one backup copy of the inventory document and store it separately. The easiest way to make Digital backup copies from the paper inventory is to take photos of the document on your phone.


proof of possession inventories - Make the backup file on an external drive or online storage account.


Understand the app - Make sure the information you input is protected with the app's developer and that you know where to find information when you require it.

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