One of the best ways to ensure you have the right amount of home insurance is to keep a detailed and up-to-date inventory of your possessions.
The National Association of Insurance Commissioners (NAIC) created a free app, called myHOME Scr.APP.book to help consumers document their valuables, update their inventories, and store the information for easy access after a disaster. The app is free and available for both iPhone® and Android® smart phone users.
For those without a smart phone, a downloadable home inventory checklist with tips for effectively cataloguing your possessions is also available.
Both the paper and app version of the checklist allow you to record possessions in each room of your house. You can include the item’s manufacturer, model or serial number, date of purchase and purchase price.
You are encouraged to include any sales receipts of items listed, and you may want to include pictures of items.
Once completed, the home inventory should be kept in a safe, fireproof place. The checklist can be revisited and updated when new purchases are made.