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Every homeowner, renter and college student should have an inventory of their possessions. Just imagine…if you had a fire or burglary, would you be able to remember everything you own and what it cost? Having an inventory can save you time, money and stress if you have to make a claim.

get started…a partial inventory is better than none

Set a time goal. Setting a deadline helps keep you on track.

Break it up into pieces. Don’t overwhelm yourself by trying to do it all at once. Go room by room. Start with your most valuable possessions. 

Get help. Have someone help you take the inventory and review it. 

home inventoryhow to tips 

create a list

Find a method that works for you. Creating your inventory in an electronic format can make storage, duplication, and updates of your inventory easy. You can use a spreadsheet and also take pictures of your possessions to document details of items, serial numbers, and receipts. If you prefer, a paper document works, too.  Click below for sample home inventory worksheets:

You may even want to search online for an App that can guide you through the process of capturing images, descriptions, bar codes, and serial numbers. There are a variety of apps available so find one that works for you. Keep in mind it's a good idea to be able to download your inventory and store it in multiple locations.

what to document

Describe all items noting make, model, where purchased, and price paid as applicable. List serial numbers for expensive electronics and major appliances. Count up clothing items by category noting high-value items. Keep receipts or appraisals with your list if you have them.

take photos or video

Take pictures and/or video of everything using the time stamp feature if available. Label all photos with descriptions. Digital photos are inexpensive and easy to store. Video is great for giving verbal descriptions of items. You may want to do this step first to create a quick inventory.

document high-value items  

Items worth over $500 should be described in detail and photographed. High-value items may need to be insured separately since home policies have certain personal property limitations.

safely store your inventory

Keep a copy handy for yourself. But most importantly, store your inventory documentation away from your home where you can always retrieve a copy. You may consider storing it electronically in the cloud, or if you have a hard copy then in a safe deposit box or with someone you trust.  

keep it up to date!

Once you’re done, update your inventory when you make big purchases. It’s a good idea to review your list at least every couple of years or when you move. When you’ve completed your inventory, talk with us to be sure that you have enough insurance to cover all your possessions.

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The information provided in these articles are only general descriptions and should not be relied upon as complete, correct or accurate for your specific situation. All coverage informaiton is subject to policy provisions, endorsements and may be  subject to your meeting underwriting qualifications. Murphy Insurance Agency is not engaged in rendering legal, accounting or other noninsurance professional services. Consult an appropriate professional for advice regarding your own situation.