Home Insurance | Writing Contents Inventory

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How to Write a Home Inventory

Tuesday, 08 September 2009 11:17

Taking out a bond from any financier gets you one home insurance policy. With that and the accumulation of possessions you take home content insurance. With a contents insurance policy you’ll need to submit an inventory of the possessions you wish to cover with your policy – which should be a bit more descriptive than ‘everything’.

Specified insurance items are obviously on the list: jewellery, photography equipment, televisions, instruments and so on. Your inventory though should take stock of all your personal property.

An inventory should be updated yearly, because with each year comes new possessions. If these are not included in the inventory they are not covered under the policy. This list details not only which items are insured but keeps the replacement cost of these items up to date as well.

How to write an inventory:

Either using a spreadsheet downloaded contents inventory form (from your home insurance provider’s website) list the items you’re insuring, a description, the quantity and assessed or replacement value.
Go through your home room by room opening all cupboards and drawers to list your items.?
Take photographs of all rooms, garages, outbuildings and other places where you store property as well as photos of specialist items. These clear photos, with the inventory should be kept in a safe place outside of the home such as in a safe.
Write down the make, model and serial number of white goods or major appliances and specialist items. If you still have the receipts and owners manuals for these items keep them with the inventory.
To get replacement values, you’ll need to check catalogues or price around to determine current costs.

Duplicate this inventory and the photos and manuals for keeping at home. The original should be kept in a safe or safety deposit box. A proper and up-to-date inventory improves your content insurance cover.

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