Everyone ought to maintain a Household Inventory List to document their home inventory for insurance purposes. You don’t necessarily need special home inventory software, though. A simple inventory spreadsheet should suffice, so go ahead and download the free Home Inventory template below.
The Inventory Spreadsheet includes some of the common locations and items that you might want to consider when creating your own inventory list. Some of the descriptions in the inventory list, like “Electronics”, are just placeholders to remind you to include your electronics. For insurance purposes, it would be better to list each item separately so that you can include the price.
Personal Property Inventory Excel Template
Taking photos of your property for your home inventory will make working with your insurance company go a lot smoother. You might even want to do a walk-through video. Record a quick video clip of each room in your home, and store the video clips and digital photos on a flash drive with your inventory.
When you have completed your home inventory, store a paper copy and a digital copy in a secure location outside of your home and/or in a fireproof safe. A safety deposit box or even a locked drawer in your office would probably work for an off-site location.
INSTRUCTIONS FOR CREATING YOUR INVENTORY AS A SPREADSHEET:
There are two ways to fill out the UP Home Inventory Spreadsheet. You can fill in the contents of the spreadsheet on your computer and save it on a secure computer or flash drive, or you can print out the individual sheets and complete it by hand. Either way, you will be making the right start toward disaster preparedness and “Insurance Assurance”.
How to cover Inventory Insurance?
The Excel template includes common items that are found in most homes, but you can add any additional items or change the items list in inventory. Remember that insurance fraud is a felony, so be sure to include only items you actually own. While we encourage you to complete every column, if you only have limited time, complete the description, quantity and age of each item, and add cost information in later. .
Don’t worry about filling in the “% value” column unless you are using the inventory to file an actual insurance claim. This column describes the current value of the item. It is helpful to know if your insurance policy pays Actual Cash Value (ACV) or Replacement Cost (RC) for personal property items. Most policies these days are RC and are supposed to cover the cost of replacing an item.
Maintaining an accurate home inventory is highly important for the insurance purposes. However, it support to protect your assets from different issues like theft, possible fire, theft, and natural disasters. The sample home inventory template provided in the word and PDF format that helps to understand the simple way of creating home inventory list. You can also verify Inventory Checklist Template. In general this inventory list includes descriptions and common locations of items; you can easily add or eliminate items from this list easily. With the help of Inventory Template you can create different list. In order maintain ass the assets in the proper manner try to use some example inventory checklist template