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Proof of possession inventory
In the event of an incident like a house fire or other do you have the capacity to find all your belongings? Having an up-to-date home inventory will help you get your insurance claim more quickly and also verify your losses on your income tax return and aid you in purchasing the right amounts of insurance. Proof of possession inventory Here's how you can make one.

What exactly is proof of possession inventory?



If you're just beginning to set up the family, beginning an inventory of your house is simple. If you've lived in the same place for many years, however, the task of creating an inventory may seem overwhelming, but it does not have to be. Start here.


Select a suitable place to start . A contained area such as your kitchen's smaller appliance cabinet, your sporting cabinet or handbag shelf--is the ideal spot to start.


Take note of purchases made recently - Another option is to start with recent purchases. You can get into the habit habit of taking inventory of your purchases and then tackle your inventory of proof of ownership.


Incorporate the basic information Generally, note down every item you record, and keep track of the place you bought it and what the model, make and design how much you paid, as well as any other detail that might help you in case you require a claim.


Then, count clothing by general category For example "5 kinds of jeans", 3 pairs of sneakers." ..." Take note of any items you believe to be valuable.


Record serial numbers – Usually located at the bottom or on the back of electronic and major appliances. equipment, serial codes are an excellent reference.


Check the coverage of big ticket items - Jewelry, art and collectibles may have increased in value , and they may require special coverage separate from your standard homeowners insurance. While you're making an inventory of your house, make sure to talk to your agent to make sure that you have enough insurance for these items before you lose them.


Proof of possession inventory Don't forget to include items off-site - The items you store in self-storage facilities are covered by your homeowners insurance, too. Make sure you include their inventory.



Make sure you have proof of value Keep receipts for sales, purchase contract, appraisals and agreements on your list.


Don't become overwhelmed - After you've started your inventory take your time even if find it difficult to complete the entire task within a few hours. It's better to not have an inventory that is incomplete than having nothing at all.





Home Inspection Checklist



A basic pencil and paper is enough, but modern technology can make making the home inventory much more straightforward.




Photographs - Make photographs of your possessions. Capture important individual items and entire rooms, closets or drawers. Label the photos with the item depicted, the location you purchased it, its make or model, or any other details that are important to replacing and/or getting reimbursed from the cost of the piece. Make use of your smartphone camera. Proof of possession inventory Some of them allow you to include the specifics of the object when saving the photo.


Tape it and walk around your house or apartment videotaping and writing about the contents. For example, you can describe the contents within a pantry cabinet "Poppies on Blue by Lenox, service for 12 that includes a dinner plate, salad plate, bowl, cup and saucer. Purchased in 2015."


Proof of possession inventories Make use of an app. There are numerous mobile app options that can help you create and save a room-by room file of the belongings you have.




Keep your Proof of possession inventoriessafely kept





Your home inventory can only be helpful if you're sure of its accuracy and you can access it for information to your insurance provider in the event of fire, theft or other catastrophes that cause destruction. Whatever medium that you've used for creating your inventory, ensure it's safe and keep it safe in a secure location.




Add important new purchases to your list . - Create a habit of add the relevant information for the item as well as receipts into your inventory while the details remain fresh in your head.


Proof of possession inventory Keep a copy of your inventory paper-based outside your home Keep it, along with the relevant appraisals and receipts - in a secure deposit box, or at a friend's , relative's home. At a minimum, make a backup copy of your inventory list and store it in a different location. One of the easiest ways to make an electronic copy of your inventory list is to take a picture of the document on your phone.


Proof of possession inventories Backup your digital files. Keep copies on an external drive or an online storage account.



Take note of your app's details - Make certain that the information you input is validated by the app's developers and that you know how to get information whenever you require it.






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