You don’t need to include details, such as the color and composition of each pair. For example, it’s sufficient to state you have 10 pairs of socks. Not all items need detailed descriptions. If you don’t have a receipt or can’t remember where or when you bought an item, a photo or video taken inside your home might be sufficient proof of ownership. Use receipts (if available), digital photos, or video(s) to support the authenticity of items on your list.
#Home inventory list serial number
Make, model, and serial number (if applicable).In principle, your list should include as much detail as possible about an item, such as: It typically includes anything in your house that’s not considered a fixture or not permanently installed. Your home inventory is a list of the personal possessions in your home. A standard HO-3 policy, for example, might only allow up to $1,500 for jewelry, watches, furs, precious and semiprecious stones. Homeowners insurance policies typically limit the reimbursement value of certain items. It falls outside the scope of this article to discuss replacement cost and actual cash value, but for a detailed explanation, refer to our article on recoverable depreciation.
– Whether you have “replacement cost” or “actual cash value” coverage.
Note : If an item appears on your home inventory list, it doesn’t necessarily mean your insurance company will reimburse you the amount you’re expecting.įactors your homeowners insurance company takes into account include: Choose the correct amount of personal property coverage you need.Verify losses on your income tax return.In addition, a home inventory list might help you: Having a home inventory at hand can make your life a lot easier! If you suffer a substantial loss due to, for example, fire damage or water damage, you might not be able to recall all the items or details thereof you have lost. Some insurers might not automatically require it as part of the claims process but can request it at their discretion.įailing to submit a Proof of Loss form when requested to do so might cause your insurance company to delay or deny your claim. Most but not all insurance companies require this document after you file an insurance claim. When you file a homeowners insurance claim for personal property, your insurer may require a Proof of Loss declaration – a notarized, sworn statement detailing the losses you suffered and the amount you’re claiming.
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