What’s a Home Inventory? Do I Need One For Home Insurance?

When purchasing home insurance, you might consider compiling a home inventory. Understanding what a home inventory is and its importance can be incredibly beneficial. Our team at Don Allred Insurance in Burlington, NC, is prepared to assist you.

Our insurance agents will explain a home inventory and help you determine whether it’s a requirement for your insurance policy. Creating one is highly advisable, even if your policy does not mandate a home inventory. We can even provide you with tips to facilitate this process.

What is a Home Inventory?

A home inventory is essentially a comprehensive list of your possessions. It usually includes an estimated value of each item and may contain additional information such as serial or model numbers. You can maintain your home inventory on a simple spreadsheet or utilize apps designed for this purpose.

Is a Home Inventory Necessary for Home Insurance?

Your specific insurance policy will determine whether a home inventory is required. If it is essential, your insurance agent will notify you.

However, regardless of requirements, having photographic or video evidence of your home’s interior is a good practice. This can serve as a handy reference if your home were to be affected by a covered event, aiding in replacing your lost possessions.

At Don Allred Insurance in Burlington, NC, we’re here to help. We’ll assist you in finding the right home insurance policy to fit your needs. We’ll inform you if you are required to maintain a home inventory! Reach out to us today to secure your ideal home insurance policy.