Losing your possessions can be devastating, no matter how you look at it.
I’ve witnessed an entire row of Town Homes burnt to the ground caused by a faulty electrical unit. The Folks that lived their just got out with their lives, nothing more. I remember driving by and seeing smoke and the road closed off. It didn’t take long to understand the situation. I will never forget the looks of those huddled by the crossroad as they watched the Firefighters valiant efforts to save what they could. The Folks looked lost and helpless. Despair written across their faces.
The Fire Department was across the street from the fire. They were there within a heartbeat. You think that the quick reaction would have positive results. Not. There was no firewall in the attics that attached each Town Home together. The fire had started in an upstairs bedroom. The fire climbed the walls in no time and reached its nasty flames across one Town House to the next, soon engulfing them all within no time. Thank goodness the residents were able to leave unscathed…but unfortunately they lost all their possessions.
Going through situations like this puts things into perspective. Of course, it could have been worse. A loved one, pet, or yourself, could have succumbed to the fire…we’ve all heard tragic stories like that.
So, how do you pick up from loosing everything you own?
One step at a time, by keeping a good record of your Home Inventory.
Should you or your loved ones face such trauma as loosing your house and all its contents, to a fire, tornado, flood, or should a theft occur…do you know how to protect your precious belongings?
You need to insure your them, via House Insurance to start with.
However, did you know that even if you have House Insurance it won’t reimburse you the true value of your belongings without proof that you owned them?
How can you be sure to get the true value of your lost items should the unthinkable happen?
First, you have to initiate some due diligence on your part by keeping a record / list of ALL your items that you own. Sounds like a daunting task, I am sure. How ever you put it, it’s an important step to take to ensure you have a good record of all your items and that you are insured properly. You need proof, otherwise, your claim will take a much longer time for analysis and scrutiny.
Plus… if you have:
1) no proof of items you own or a vague description, they will either not pay or pay bare-minimum even if you owned an expensive high-end TV but couldn’t prove it
2) if you forget something, you are likely S.O.L. (shit-out-of-luck) after submitting a claim.
Leaving it to your Memory, is very risky and unwise.
Imagine the terrible happening and you loose every item you owned. How can you possibly provide the Insurance Company with proof that you owned the item. How can you possibly remember EVERYTHING?
Why put yourself in that position?
Don’t think it only happens to other people, not me. That’s unwise and showing negligence on your part. Don’t do that. You worked hard all your life and you have items that you bought with your hard working money. If someone broke into your house and stole that expensive watch or that beautiful ring you bought or inherited, how could you ever replace it? Well, by recording the value of the item, what you bought it for, how much it is worth, a picture, a receipt…all of this will help you with claiming the item with insurance. Not to mention, proving specific details for the police, should your item be stolen.
Why record your items?
In case of:
- Fire/ Smoke
- Water damage / overflow
- Riot/ Civil Commotion
- Weight of ice / snow/ sleet
- Electrical current
- Damage from vehicle(s)
- Damage from aircraft
- Falling objects
- Recording your items is a Win situation for You !
Start listing out the items you own, today.
How to go a about recording your items.
Insurance companies have checklists you can download to help you record your items in. They are appropriately organizes by location and categories that can help guide you. Hand write your items, use an excel spreadsheet, or database.
What things to keep in mind when recording your belongings:
- Value of the item
- Receipts: date, price, description, pictures, appraisals
- Pictures / Video’s
- Location: room (bedroom#1,2…, basement, kitchen, laundry room, shed, garage, cottage, etc.)
- Serial Numbers
To replace lost/ damaged items you should have House Insurance that contains a fair value for the contents in your house and the value of your house. No House Insurance?…then, no coverage, and no recovery of your losed goods. Simple as that and that’s not good.
House Insurance Companies will provide various coverage’s for your specific requirements.
If listing everything you own is too daunting, then start on a higher level. Meaning, list the most expensive, valuable, invaluable items you own room-by-room. When you have more time and find value in what you are recording, then move your actions into a micro level by opening drawers, closets, cupboards and write down what you see. Taking pictures is even faster.
When to start listing out your home inventory items.
A good time to start is now. Spring is also a good time.
On a rainy day when you are stuck in doors, make it fun for the family, by assigning a room to each member. Arm them with a pad of paper, pen, and a camera. Have them take a pictures of each room at all angles. Empty drawers, and closets. Decide what should stay and what can go. Do your spring cleaning at this time, if you’d like. If you are donating items, record that if you want, to remind you later, or not…its up to you. If you want to sell the items in a garage sale or on the INTERNET, then put them aside in a specific area. Record the value of each and quantity. Try to figure out how much you could make if you sold the item. This might be a good initiative to purging cluttered areas and to work on Feng Shui.
Don’t forget to keep your receipts, especially for expensive items…TV, Stereo, Fridge, Stove, Dishwasher, Surround Sound, Artwork,…
Where to record and save your inventory items.
Once your information is collected, room-by-room then record them electronically with the pictures and save the information somewhere safe. Preferably on a USB in a Safety Deposit box, on the Cloud, with a close family/ friend. Your House Insurance data can be saved with a password too.
If you want to ensure you are covered for the items you own, should the unthinkable happen, then take advantage now by recording your belongings room-by-room, use the Spring Time to spring clean your closets, drawers, clutter accumulating in corners, and sell or donate them. Keep records of what was done with specific items, if need be. The point is, keep records of your belongings, and their value. Make sure you have content insurance that will cover you the cost to replace items.
Written by Deborah @ (DCS) DatabaseCreationSite.com where Creative People Make Awesome Databases for Personal Use, Businesses, and for Writers.
photo credit: Ted’s photos – For Me & You 2016 – Mexico – Mineral de Pozos – Posada de Las Minas – Lounge via photopin (license)