Home Inventory Service - 3 Sensible Advantages of Making a Home Inventory
It is particularly valuable for homeowners to have an inventory of everything they own and have at home. This could mean the difference between ending up with nothing and starting on the right foot in case disaster strikes or if a burglar breaks in.
A home inventory will let you know exactly what was destroyed or stolen, which is what your insurance company requires when you make a claim.
There are businesses like AssetWatch that offer home inventory services online, helping you complete a thorough and complete inventory of all the important items you have at home and of any other form of property that you may have stored in areas such as garages or sheds.
Normally, a good list will include:
- Computer equipment
- Home entertainment
- Musical instruments
- Kitchen equipment
- Sports equipment
- Works of art
- Antiques and collectibles
- Garden equipment
- Every other possession that you consider valuable
You can very easily make such a home inventory by yourself using an online home inventory service to help you.
Here we show you 3 sensible advantages of making a home inventory:
Helps you be in control
A home inventory helps you maintain control over your ownership of the house.
You have a record of what you own, how much every item costs, and where it is.
Helps with financial and estate plans
Without knowing it, with a home inventory you have a very clear and realistic picture of what you own, making it easy to calculate your net worth.
Helps you deal with insurance claims
When disaster strikes or if your home is attacked by burglars, the first thing insurance companies will require is specific details about the circumstances of your claim.
You will have to amply justify the amount of money you are asking for, and a home inventory can be just what you need in such a case.
If your inventory is updated regularly, documenting what items you have recently bought and keeping photo records of your belongings, your chances of success when claiming insurance increase dramatically.
An online home inventory service like HomeWatch helps you by providing thorough advice on how to organize your inventory; it offers you:
- Pre-populated templates
- Estimates the value of your content
- Gives you evidence of asset ownership and value
- Makes tracking receipts trouble-free
- Offers comprehensive reporting to quickly present to insurance companies.
Yes, besides getting the job done quicker and knowing exactly how to list your insurable possessions, a good home inventory service presents your inventory to insurance companies in a format that they approve and appreciate, simplifying the claiming process and providing a fuller and faster settlement.
Many online home inventory services allow you to save photos and/or videos of your possessions, and will document facts like: makes, models, serial numbers, and estimated values.
If someone steals one of the valuables you have documented on the home inventory service, you will most probably be able to recover most of its cost through insurance, while if you don’t have an inventory, the insurance company may give you a hard time and your chances of recovering anything diminish considerably.
You should pay special attention to items that have personal and sentimental value, like collectibles or art pieces, because you’ll most likely want to file a claim for items like these.
Making a home inventory is a colossal task; however, a company like AssetWatch, which offers a very practical online home inventory service, can help you reduce the time and energy you invest to a minimum.
AssetWatch is a home inventory service whose mission is to empower you to better organize your everyday life and to help you minimize the loss and stress during disasters.
We are certain that you will be able to see how well we understand what you need in terms of document and asset security and that we’re willing to go beyond. This is because our founder and chief executive officer, Mike Batesole, has experienced this need firsthand.
Contact us with your questions and comments and you will receive an answer promptly, or read our FAQs page to confirm that we have a direct and accurate answer for your most pressing questions about financial and home inventory safety.
We exist to help you empower yourself… and to give you peace of mind, take advantage of the opportunity!