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Keep a Home Inventory for Insurance Purposes? It’s Obsolete Unless You Follow These 5 DOs and DON’Ts

12 Sep
5 DOs and Don'ts to make a good home inventory for your insurance

Keep a Home Inventory for Insurance Purposes? It’s Obsolete Unless You Follow These 5 DOs and DON’Ts

Did you know that making a home inventory for insurance isn’t just a matter of writing things down on paper? It’s also important to think about how to preserve home inventories in case of emergency. A home inventory is only useable if it's accurate, and accessible during a claim. This is why it’s necessary to store home inventories at a location that isn’t vulnerable to destruction.


Asset Records are Just as Important as Assets:

Certified Personal Lines Insurance Broker Mila Araujo explains that, “The main reason to have a home inventory list is to be able to prove your losses, and get paid the most money by your insurance company if you have to make a claim. Any time an insurance claim is filed, insurers ask for a list of lost possessions. Insufficient information can translate into denied claims, or inadequate compensation.” Here are a few quick tips on how to manage home inventories:


1. DON’T Waste Time on Negligible Possessions:

Even though everything in your home has some form of sentimental value, not all assets are created equal. For the sake of insurance, it’s far more beneficial to keep track of high-end or expensive assets primarily. Prioritize assets which aren’t easy to replace even after an accident.


2. DO Make Plenty of Backups:

A home inventory is no good if it can be easily destroyed in a flood or fire. Or any other such accident for that matter. Don’t forget to make digital copies of home inventories, and store them in a safe place like a cloud account.


3. DON’T Forget to Keep Receipts:

If the cash value of your possessions should ever come into question, receipts are the only way to authenticate what you own. Always keep good receipts, especially for high-end or rare assets.


4. DO Arrange Everything Chronologically:

Keeping chronological records is the most efficient way to manage a home inventory. When information is sorted by date, data is easier to retrieve and analyze.


5. DON’T Forget to Consult with Your Insurer:

Different insurance companies have different standards and expectations for home inventories. For example, some might need information stored in a standardized form. Take some time to learn what preferences your insurance company has for home inventories.



Buying Homeowner’s Insurance or Renter’s Insurance is a completely different ball game from buying Auto insurance. With auto coverage, it’s easy to appraise the assets you intend to insure. After all, there isn’t much to valuate other than a person’s vehicles in this case. With homeowner’s/renter’s insurance though, personal belongings also need to be appraised in addition to the residences they’re housed in. For more information, visit our website or give us a call at 1-800-639-7654 to find out how Adriana’s Insurance Services can help you stay safe. We got you covered!