An Inventory or Express Inventory is especially important for insurance purposes. When you make an insurance claim for damaged, lost, or stolen property, your insurance policy will require you to show the quantity, description, and possibly the amount of loss associated with each item. You may also be asked to provide copies of bills, receipts, or other documentation to support your figures. If you omit some items or fail to include an adequate description of others, you may receive less than full compensation for your losses. Relying solely on your memory can be an expensive mistake.

Benefits

A home & business inventory is a detailed list of the personal and business property or assets located in your home or office, including pictures. You should also include property that you have stored elsewhere, perhaps in a garage or storage shed.

Your list should include: furniture, jewelry, antiques, artwork, appliances, kitchen contents, clothes, carpets, drapes, computer equipment, television sets, CD players (and other audio or audiovisual equipment), musical instruments, clocks, mirrors, linens, lawn mowers, snow equipment, tools, sports equipment, collectibles and any other items of value.

Here are just a few reasons how you can benefit from our inventory services:

Insurance

Receive insurance settlements faster because you will be able to identify what was lost. Most people can't recall every item accumulated over the years after a loss.

Taxes and Valuation

A detailed inventory can help verify losses for income tax deductions.

Estate planning

A line listing or picture inventory can be used to supplement legal documentation or information.

Moving

Keep track of lost or damaged items.

Insurance Requirements

Homeowners insurance policies will provide compensation for loss due to fire, based on the limits set in the individual policy. It is important, though, to make sure you have replacement cost limits that are up-to-date for your home. Payment is not automatic. You must provide documentation of your home's contents to receive compensation for the loss of the property.
Contact us for a comprehensive inventory of your personal and business property.

When filing a claim for destroyed or stolen items, pre-recorded documentation will make a claim easier and more credible. Be sure that all your items are covered under your current policy. You might be surprised at the list of exceptions that some insurance companies have listed. However, most insurance companies do suggest a documented record of your belongings. The format is not the same across the various insurance companies but the expectation is!

Here are a few insurance company quotes regarding the value of a home inventory:

Travelers Insurance
"Conducting a Personal Property Inventory" literature states: "Take the time to compile an inventory of your home now, and it will save you precious time and frustration later." Benefits of having a personal property inventory include:
1. Helps to ensure you have the coverage you need.
2. In the event of a loss, it makes it easier for you to file a complete and prompt claim, supported by accurate documentation.
3. Helps determine the replacement cost of your lost or damaged possessions to settle your claim quickly.

Farmers Insurance Group

The following can be found on the back of their "Household Contents Inventory Record Book" - "This record can be worth thousands of dollars to you. Keep it in a safe place outside your home."

State Farm Insurance

They offer the following under their "Home Inventory Tips" - "The threat of loss of property from fire, theft, or other causes is always present. An accurate inventory and proof of ownership at the same time of a loss can make claim settlement easier and faster."

Allstate Insurance

Under their "Your Property" section, they ask you to ask yourself, "Do I have an inventory and photographs?"

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