Do You Really Need a Household Inventory?

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In a word, “YES!” An inventory of your household items is critical, whether you have purchased homeowners, rental, or condominium insurance coverage.

Why is an inventory so important? If your household items are damaged or stolen, you’ll need to provide the insurance company with information such as item manufacturers, models, and serial numbers, plus purchase dates or receipts.

Your inventory should include a room-by-room list of all household items, such as furniture, electronics, appliances, clothing, and jewelry. Some big-ticket items or collectibles may need to be insured separately. So, we always recommend checking with your insurance agent to be sure that you have purchased adequate coverage to meet your individual needs. Your household items are generally included under the Coverage C (Contents) amount listed on your policy declarations page.

KnowYourStuff.org, sponsored by the Insurance Information Institute, is a free home inventory website where you can store your item information and photos. The user friendly site provides step-by-step instructions and videos to help you create your own home inventory room by room. Remember, it’s important to update your inventory when you purchase new items and to contact your insurance agent to be sure they are covered by your current policy.

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For more information, visit KnowYourStuff.org and start taking inventory today! Or you can print and complete the property inventory worksheet included in the Florida’s Homeowners Financial Tool Kit at MyFloridaCFO.com.

Submitted by Cape Coral resident Jessie Delaplane, Delaplane Insurance

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