Harris, Reed & Seiferth Insurance Group
  • Home
  • Quotes
    • Business >
      • Business Quote
      • Commercial Auto Quote
      • Events Quote
    • Specialty >
      • Boatowners Quote
      • Umbrella Quote
      • Weddings Quote
      • Private Horse Owner Liability Quote
    • Property >
      • Home Quote
      • Condo Quote
      • Mobile Home Quote
      • Renters Quote
      • Personal Vacant Property Quote
      • Flood Quote
      • Landlords Quote
      • Personal Inland Marine Quote
      • Personal Vacant Land Quote
      • Builder's Risk Quote
    • Vehicles >
      • Personal Auto Quote
      • Motorcycle Quote
      • Scooter Quote
      • Snowmobile Quote
      • ATV Quote
      • Motor Home/RV Quote
      • Golf Cart Quote
      • Roadside Assistance Quote
    • Life >
      • Life Insurance Quote
    • Medical >
      • Travel Quote
      • Health Quote
      • Dental Quote
      • Vision Quote
      • Critical Illness Quote
      • Disability Quote
      • Medicare Supplement Plan Quote
      • Long Term Care Quote
  • Products
    • Business >
      • Learn about Business Insurance
      • Learn About Events Insurance
      • Learn about Commercial Marine Insurance
      • Learn About Commercial Auto
      • Learn about Workers Compensation Insurance (including USLH)
      • Learn About International Business Insurance
    • Specialty >
      • Learn about Boatowners Insurance
      • Learn about Umbrella Insurance
      • Learn About Wedding Insurance
      • Learn about Private Horse Owner Liability Insurance
      • Learn about Aviation Insurance
    • Property >
      • Learn about Home Insurance
      • Learn about Builder's Risk Insurance
      • Learn about Condo Insurance
      • Learn about Renters Insurance
      • Learn about Mobile Home Insurance
      • Learn about Personal Inland Marine Insurance
      • Learn about Flood Insurance
      • Learn about Vacant Land (Personal)
      • Learn about Vacant Property
      • Learn about Landlords Insurance
    • Vehicles >
      • Learn about Auto Insurance
      • Learn about Classic Car Insurance
      • Learn about Motorcycle Insurance
      • Learn about ORV Insurance >
        • Learn about ATV Insurance
        • Learn about Snowmobile Insurance
        • Learn about Golf Cart Insurance
      • Learn about RV Insurance
      • Learn about Scooter Insurance
      • Learn About Roadside Assistance Insurance
    • Life >
      • Learn about Life Insurance
      • Learn about Guaranteed Issue
    • Medical >
      • Learn about Travel Insurance
      • Learn about Health Insurance
      • Learn about Dental Insurance
      • Learn about Vision Insurance
      • Learn about Critical Illness Insurance
      • Learn about Disability Insurance
      • Learn about Long Term Care Insurance
      • Learn about Medicare Advantage Plans Insurance
  • Service
    • Manage Policy
    • Proof of Insurance
  • Resources
    • Blog
    • Home Inventory Checklist
    • Disaster Preparedness Plan
    • Family Emergency Plan
    • Refer a Friend
  • About
    • Insurance Carriers
    • Accessibility Statement
    • Contact
  • Home
  • Quotes
    • Business >
      • Business Quote
      • Commercial Auto Quote
      • Events Quote
    • Specialty >
      • Boatowners Quote
      • Umbrella Quote
      • Weddings Quote
      • Private Horse Owner Liability Quote
    • Property >
      • Home Quote
      • Condo Quote
      • Mobile Home Quote
      • Renters Quote
      • Personal Vacant Property Quote
      • Flood Quote
      • Landlords Quote
      • Personal Inland Marine Quote
      • Personal Vacant Land Quote
      • Builder's Risk Quote
    • Vehicles >
      • Personal Auto Quote
      • Motorcycle Quote
      • Scooter Quote
      • Snowmobile Quote
      • ATV Quote
      • Motor Home/RV Quote
      • Golf Cart Quote
      • Roadside Assistance Quote
    • Life >
      • Life Insurance Quote
    • Medical >
      • Travel Quote
      • Health Quote
      • Dental Quote
      • Vision Quote
      • Critical Illness Quote
      • Disability Quote
      • Medicare Supplement Plan Quote
      • Long Term Care Quote
  • Products
    • Business >
      • Learn about Business Insurance
      • Learn About Events Insurance
      • Learn about Commercial Marine Insurance
      • Learn About Commercial Auto
      • Learn about Workers Compensation Insurance (including USLH)
      • Learn About International Business Insurance
    • Specialty >
      • Learn about Boatowners Insurance
      • Learn about Umbrella Insurance
      • Learn About Wedding Insurance
      • Learn about Private Horse Owner Liability Insurance
      • Learn about Aviation Insurance
    • Property >
      • Learn about Home Insurance
      • Learn about Builder's Risk Insurance
      • Learn about Condo Insurance
      • Learn about Renters Insurance
      • Learn about Mobile Home Insurance
      • Learn about Personal Inland Marine Insurance
      • Learn about Flood Insurance
      • Learn about Vacant Land (Personal)
      • Learn about Vacant Property
      • Learn about Landlords Insurance
    • Vehicles >
      • Learn about Auto Insurance
      • Learn about Classic Car Insurance
      • Learn about Motorcycle Insurance
      • Learn about ORV Insurance >
        • Learn about ATV Insurance
        • Learn about Snowmobile Insurance
        • Learn about Golf Cart Insurance
      • Learn about RV Insurance
      • Learn about Scooter Insurance
      • Learn About Roadside Assistance Insurance
    • Life >
      • Learn about Life Insurance
      • Learn about Guaranteed Issue
    • Medical >
      • Learn about Travel Insurance
      • Learn about Health Insurance
      • Learn about Dental Insurance
      • Learn about Vision Insurance
      • Learn about Critical Illness Insurance
      • Learn about Disability Insurance
      • Learn about Long Term Care Insurance
      • Learn about Medicare Advantage Plans Insurance
  • Service
    • Manage Policy
    • Proof of Insurance
  • Resources
    • Blog
    • Home Inventory Checklist
    • Disaster Preparedness Plan
    • Family Emergency Plan
    • Refer a Friend
  • About
    • Insurance Carriers
    • Accessibility Statement
    • Contact

Harris, Reed & Seiferth
​Insurance Group Blog

Personal property inventory

12/8/2020

0 Comments

 
If your possessions are stolen or destroyed, your insurance company will ask you to provide a record of them. Learn the benefits of having a personal property inventory list below.

Details will be important at claim time
Do you know the brand name and serial number of your stereo? Would you recall off the top of your head when and how much you paid for your digital camera? Without a list in front of you for reference, the details of your valuables may be forgotten – which creates more frustration in an already stressful time, and can cost you money in the long run.

That's why it's important to have a personal property inventory created ahead of time – before an unfortunate incident.
What is a personal property inventory?
​A 
personal property inventory is a complete list of all your household goods and personal belongings. A complete inventory includes the following information about each item on your inventory list:
  • The room in the house where it's located
  • Item description and quantity
  • Purchase date
  • Place of purchase
  • Original cost
  • Estimated current value
  • Serial and model number
  • An accompanying videotape or still photographs of each item
  • Receipts and current appraisals for the most valuable items
Picture
How does an inventory help you?
No one is fully prepared for a loss, but you can take steps to reduce the stress in the aftermath. A personal property inventory in place before a claim ensures that your claim is filed promptly and completely, which means that you'll get it settled quickly and accurately, and get your life back to normal. 

You can also use an inventory to determine if you have adequate coverage for your possessions. Many people find out after a loss that they were not sufficiently covered, and should have purchased higher coverage amounts or replacement cost coverage. A good rule of thumb is to add up how much it would cost to replace your belongings, and then compare it to your policy's personal property limit. This is an indicator of whether or not you need to purchase additional coverage.

It's also a good idea to check the claim settlement methods on your policy. If you've purchased replacement cost coverage, your settlement allows you to buy new items to replace the damaged or stolen ones. If you have actual cash value coverage, you receive what your items are worth at the time of the loss – taking into account depreciation.

More helpful tips
Be complete with your inventory. An effective way to do an inventory is to split the area of your house and take one room at a time. Start outside and take views of each side of your house, including the landscaping. Make sure to include all items in a storage shed or garage, like children's bikes and sporting goods.

Move inside the home and cover one room at a time. You might want to start with artwork or wall hangings and then move onto the floor. Remember to include all high-valued items like antiques, collectibles, silverware and jewelry.

Electronics are a key part of any personal property inventory. TVs, stereos and personal computers should be included, as well as clothing, CDs, tapes, furniture and items inside china cabinets and storage bins.
As you videotape each item, it's important that you verbally state when each item was purchased, its value, any special features and the model and serial number. If you choose to photograph these items instead of videotaping them, write all pertinent information on the backs of the pictures.

When the inventory is complete
Once you've completed the inventory, copy everything including paper lists, videotapes, receipts, computer printouts, appraisals and photos. Store one set in a secure place in your home, and store the other off the premises in a safe deposit box or with a friend or relative.

Update your inventory every four to six months to ensure that the information is accurate and reflects all items in the home. Save all the receipts for newly purchased items, and make sure to update your inventory as soon as you make a major purchase and delete the items you no longer have.

Click here for a free downloadable Home Inventory Checklist
https://www.foremost.com/learning-center/personal-property-inventory.asp
   
0 Comments



Leave a Reply.

    Categories

    All
    ATV
    Boats
    Business
    Condo
    Dental
    FAQs
    Financial
    Flood
    Golf Cart
    Health
    Home
    Insurance
    Insurer Liquidation
    Life
    Local
    Mobile Home
    Motorcycles
    RV's
    Safety
    Snowmobile
    Summer
    Trailer

    Archives

    October 2024
    May 2024
    October 2023
    July 2023
    May 2023
    October 2022
    September 2022
    July 2022
    June 2022
    March 2022
    February 2022
    December 2021
    October 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    May 2018
    April 2018
    February 2018
    November 2017
    October 2017
    September 2017
    August 2017
    April 2017
    March 2017

    RSS Feed

Social Media

Contact Us

Contact

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
6650 W. Indiantown Rd.
Jupiter, FL 33458


(561) 768-8176

Website by InsuranceSplash
Privacy Policy | Terms of Use
© 2025 by HARRIS, REED & SEIFERTH INSURANCE GROUP, INC. All rights reserved.
Photos from Ian Sane, allesopdemotor.nl de meest informatieve motor site, Carl Johan, shixart1985 (CC BY 2.0), Peter O'Connor aka anemoneprojectors, Jim Larrison, martinrstone, Gamma Man, onnola, andreboeni, anathea, Haydn Blackey, frankieleon, spartangreen293, shixart1985, Peter_Mackey, electricteeth, MarkMoz1980, Gamma Man, NetReacher Image Studios, woodleywonderworks, andreboeni, Ben Baligad, Prayitno / Thank you for (12 millions +) view, michaeljohnbutton