Household Inventory

 

A Record of Your Worth

 

Your homeowners insurance provides coverage for the contents of your home, up to a limit which you have selected with your policy.  In the event of a total loss, you would be expected to provide a list of all of your personal property that was damaged, along with its estimated value.

 

If a loss occurred today, would you be able to compile such a list?  Would you trust yourself to remember every item in your home, and the approximate value of each item?

 

If you’re like most people, it would be difficult.  That’s why we have developed this Household Inventory brochure.  It’s a simple fill-in-the-blank worksheet that takes minutes to complete but could save you hours of frustration if you ever have a loss.

 

 

Determining the Value of Your Belongings

 

The standard homeowners policy is designed and priced to cover the Actual Cash Value of your Personal Property- that is, the replacement cost less depreciation for age and use or condition.  How-ever for extra protection, you may choose to have Replacement Cost Coverage on Contents added to your policy.

 

For an additional low cost, Replacement Cost Coverage provides for the repair or replacement of your personal property-regardless of depreciation.

 

When entering the “Values” on your inventory, you should use either the Actual Cash Value or Replacement Cost- depending on the coverage provided by your policy.

 

If unsure whether you have Replacement Cost Coverage, check your policy, or give us a call.  If you would like to add this coverage, we ask that you please contact us.

 

The Easy Way to Complete Your Inventory

 

First, use this form to list the items you own, along with what you consider their value (either Actual Cash Value or Replacement Value, depending on your coverage).  By grouping your belongings by the rooms in which they are located, you’ll be less likely to overlook something.

 

Next, total the values for each room and enter the information under the appropriate headings on the inventory form.  (Better do it in pencil so it’s easy to revise in later years.)

 

When everything is listed, add up the values to arrive at a “grand total” figure.  Then, check your homeowners policy with your insurance agent to make sure your present coverage is adequate to protect you in case of a major loss.  If your “grand total” figure is greater than the Coverage limit you currently have on your homeowners policy, you will need to increase your coverage.

 

A Picture is Worth a Thousand Words

 

Although it’s not required, we encourage you to take photos of some of the property you list in your Household Inventory.  In particular, photos of higher valued and unusual items, such as antiques, are extremely helpful when it comes to settling a loss. The photos should be identified and stored along with

your completed form.  You might also consider videotaping these items and storing the tape with your Household Inventory form!

 

 

 

 

When You’ve Completed Your Inventory

 

Keep a copy around the house if you’d like, but make sure your original Household Inventory is put in a safe place- either in your safe deposit box, or filed with your insurance agent.  (To avoid loss of your inventory, be sure not to store it on your premises.)

 

Then once a year, recheck it.  What new items have been added to the Household?  How have the cash values changed?  How does the protection of your Homeowners policy measure up against inflation?  With the help of your insurance agent, make sure your home and its contents are insured-to-value…that your coverage is increasing at a rate equal to the rate of inflation, or that you have a Guaranteed Replacement policy.

 

Completing Your Household Inventory

 

• Jot down the items and their value in each room (don’t forget the closets and storage areas.)

 

• Itemize the contents of the spaces above.

 

• Total cash value contained in each room . . . or for each member of the family.

 

• Enter the figures in the table below and total.

 

 

Household Inventory                                                                                                  VALUE

 

This inventory lists the household goods and                    Living Room…………………………..________

personal property of:                                                      

                                                                                    Dining Room………………………….________

Name                                                               

                                                                                    Kitchen, Utility Room…………………________                                                                                                               

Address__________________________

                                                                                    Family/Activity Room, Den…………._________

City______________________________

                                                                                    Bathrooms……………………………._________

State_____________________________

                                                                                    Attic, Storage Room, Garage………._________

Zip Code_________________________               

                                                                                    Master Bedroom………………………_________

Date of Inventory___________________

                                                                                    Bedroom #2……………………………_________

Revised__________________________

                                                                                    Bedroom #3……………………………_________

Revised__________________________

                                                                                    Bedroom #4……………………………_________

 

                                                                                    Personal Effects-Family……………..__________

                                                                                   

                                                                                    Personal Effects-Woman……………__________

                                                                                                                       

                                                                                    Personal Effects-Man……………….___________

                                                                       

                                                                                    Personal Effects-Girl(s)……………..___________

 

                                                                                    Personal Effects-Boy(s)……………..___________

                                                                                                           

                                                                                    TOTAL………………………………..____________

 

 

 

                    LIVING ROOM   

NO	ARTICLE	VALUE
	Books
	Rugs, Draperies
	Musical Instruments
	Television
	Paintings, Pictures, Art Objects, Decorative Accessories
	Furniture, Misc: Chairs & Sofas; Tables & Lamps, Mirrors & Clocks
	Air Conditioner (room)
	Stereo System
	VCR, DVD, movies
	Records, Tapes, Compact Discs

            KITCHEN, UTILITY ROOM

NO	ARTICLE	VALUE
	Chairs, Tables, Stools
	Draperies, Rugs
	Dishes, Glassware
	Refrigerator
	Range (Not built in)
	Dishwasher (Not built in)
	Washing Machine
	Dryer
	Microwave Oven
	Electrical Appliances (vacuum, coffeemaker, food processor, etc.)
	Kitchen Equipment (foodstuffs, supplies, cutlery, utensils, etc)
	Telephone, answering machine

 

 

                     DINING ROOM                                         ATTIC, STORAGE ROOM, GARAGE

NO	ARTICLE	VALUE
	Chairs, Tables, Buffet
	Draperies, Rugs
	China, Glassware
	Silverware and Pewter
	Linens
	Paintings, Pictures, Art Objects

NO	ARTICLE	VALUE
	Luggage, Trunks
	Porch and Garden Furniture
	Lawnmower, Hand Tools
	Garden Hose
	Wheelbarrow
	Fertilizer, Seeds, Sprays, etc.
	Christmas Decorations
	Miscellaneous Articles
	Snow Blower
	Sports Equipment-Itemize

 

         FAMILY, ACITIVITIES ROOM,DEN                                          BATHROOMS

NO	ARTICLE	VALUE
	Piano, Musical Instruments
	Television
	Stereo System
	Records, Tapes Compact Discs
	Books
	Air Conditioner (room)
	VCR, DVD, movies
	Telephone, Answering Machine
	Computer, Software
	Sewing Machine

NO	ARTICLE	VALUE
	Bath Mats, Rugs, Draperies, Shower Curtain
	Medicine Cabinet Contents
	Linens and Towels
	Electrical Appliances (hair dryers, curling irons, shavers)

 

 

 

 

 

            PERSONAL EFFECTS-FAMILY                                      PERSONAL EFFECTS-GIRL(S)

NO	ARTICLES	VALUE
	Cameras, Films, Projection Equipment
	Firearms
	Fishing Equipment
	Golf Clubs
	Bicycles
	Exercise Equipment

NO	ARTICLES	VALUE
	Outwear (coats, gloves)
	Clothing and Accessories
	Shoes and Slippers
	Undergarments
	Nightgowns, Housecoats, Hosiery
	Jewelry, Watch, Misc
	Portable CD Player, I-Pod
	CDs

 

 

            PERSONAL EFFECTS-WOMAN                       PERSONAL EFFECTS-BOY(S)

NO	ARTICLES	VALUE
	Outerwear(coats, gloves)
	Clothing
	Shoes and Slippers
	Undergarments
	Nightgowns, Housecoats, Hosiery
	Jewelry, Watch-Itemized

NO	ARTICLES	VALUE
	Outwear (coats, gloves)
	Clothing
	Shoes and Socks
	Pajamas, Robes, Underwear
	Jewelry, Watch, Misc
	Portable CD Player, I-Pod
	CDs

            PERSONAL EFFECTS-MAN

NO	ARTICLES	VALUE
	Outwear (coats, gloves)
	Clothing
	Shoes and Socks
	Pajamas, Robes, Underwear
	Jewelry, Watch-Itemized

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      

 

 

 

 

            MASTER BEDROOM                                                     BEDROOM #3

NO	ARTICLES	VALUE
	Bedding (Blankets, Comforters, Covers, Pillows, Springs & Mattress)
	Rugs, Draperies
	Bed, Chest, Dressing Table
	Television, Stereo, VCR, DVD
	Tables, Lamps and Chairs
	Mirrors and Clocks
	Paintings, Pictures, Art Objects
	Air Conditioner (Room)
	Telephone

NO	ARTICLES	VALUE
	Bedding (Blankets, Comforters, Covers, Pillows, Springs & Mattress)
	Rugs, Draperies
	Bed, Chest, Dressing Table
	Television, Stereo, VCR, DVD
	Tables, Lamps and Chairs
	Mirrors and Clocks
	Paintings, Pictures, Art Objects
	Air Conditioner (Room)
	Telephone

 

 

 

 

 

 

                           BEDROOM #2                                                                      BEDROOM #4      

NO	ARTICLES	VALUE
	Bedding (Blankets, Comforters, Covers, Pillows, Springs & Mattress)
	Rugs, Draperies
	Bed, Chest, Dressing Table
	Television, Stereo, VCR, DVD
	Tables, Lamps and Chairs
	Mirrors and Clocks
	Paintings, Pictures, Art Objects
	Air Conditioner (Room)
	Telephone

NO	ARTICLES	VALUE
	Bedding (Blankets, Comforters, Covers, Pillows, Springs & Mattress)
	Rugs, Draperies
	Bed, Chest, Dressing Table
	Television, Stereo, VCR, DVD
	Tables, Lamps and Chairs
	Mirrors and Clocks
	Paintings, Pictures, Art Objects
	Air Conditioner (Room)
	Telephone

 

 

 

 

 

 

THIS PAMPHLET DESCRIBES POLICY AND REPLACEMENT COST ENDORSEMENT IN GENERAL TERMS.  FOR SPECIFIC COVERAGE DETAILS AND TERMS, REFER TO THE POLICY/ENDORSEMENT ITSELF OR CALL YOUR AGENT.