#HOME INVENTORY SPREADSHEET SERIAL#
#HOME INVENTORY SPREADSHEET UPDATE#

#HOME INVENTORY SPREADSHEET UPDATE#

All that’s left to do is update all the copies of your inventory. Once you’ve added new records to your inventory and adjusted the existing list to reflect the current reality, you’re almost done. You can find details about the current inflation value here when updating the value of your personal property with the right amount. Whether your insurance policy covers your personal property’s replacement cost value (RCV) or actual cash value (ACV), you will need to estimate how the current inflation rate impacts the personal property coverage of your inventory if an incident occurs. Some things we can’t control, but we can react to them.įactor in Inflation when updating your inventory list since it impacts everything in the economy, including your insurance coverage. This information will also make things easier for you next time you update your list. Make sure to note items you plan to donate, give away, or otherwise remove from your home in the future, so your home inventory stays up to date. Just as you probably gave away some things since you last updated your records, you may have plans to let go of more of your personal belongings during your spring cleaning in the new year. We all feel generous after the season of giving. These items may have been sold, given away, broken, or stolen.Ĭonsidering these things are no longer in your possession, you should update your home inventory accordingly to ensure you aren’t paying for coverage for items you don’t own anymore. While updating your home inventory records, you may also come across some entries for items that are no longer in your possession. Put on your home inspector hat and go through every room with your home inventory list in hand to identify things you might've missed - which should be a lot if this is your first time creating a home inventory for your insurance company.Īre your once-prized collectibles or cool gadgets out of your life? Then they shouldn’t be in your home inventory. Save yourself potential headaches during future claims processes by jotting down all the necessary details about your belongings, especially high-ticket items. But now that you're committing to updating your home inventory, it's important to remember to add all the items you've acquired since your last inventory - or all the valuables you own if you've never done a home inventory before. We get it, life gets busy, and a home inventory doesn't seem that important. Real talk: it’s probably been a while since you last updated your home inventory. It’s also a good idea to include the item’s location within your home, just in case you need to find it later. If you have receipts showing the date of purchase, you can also attach them as evidence.

#HOME INVENTORY SPREADSHEET SERIAL#

You should include a description, serial numbers, warranties, and pictures in your records. The inventory is for your insurance coverage - so if it’s of any value to you, add it to your list.Īlso, you need more than the name and value of these items. This record should include both valuable items and more affordable items. The holidays were just a few weeks ago, so it shouldn’t be too difficult to find all those gifts, right? Compile a detailed list of all the new items you received as gifts or bought for yourself during the holidays. Be Sure To Update Your Home Inventory’s Existing Copiesįinal Thoughts: New Year, New Home Inventory for Renters Insurance Don’t Forget To Account for Inflation During Your UpdateĦ. Take Note of Things You Will Give Away in the Futureĥ.

Clear Out Stuff You No Longer Have From Your Home InventoryĤ. Add the Items You Acquired Since Your Last Inventoryģ. Keep a Record of Everything You Received During the HolidaysĢ. We know this sounds tedious, but don't worry - we'll give you six tips to make sure it's less of a hassle.ġ. Without it, you might forget items when filing an insurance claim after a loss. After all, even if you had an up-to-date inventory before the holidays, you've likely accumulated more stuff from all the gift-giving in the past few weeks.Īs a homeowner or renter, all that new stuff means it’s time to take stock of your possessions and completely update your home inventory for insurance.īut why complete a new home inventory? A home inventory catalogs what you believe should be covered by your policy. Sure, it may not be the most exciting resolution but trust us, it's crucial to ensure you're adequately insured.

As you're busy tackling your resolutions for the year ahead - whether it's getting in shape, learning a new skill, or traveling more - don't forget to add one more item to your list: updating (or creating) your home inventory for insurance purposes.

Home inventory spreadsheet