Packing your items and unpacking them in a new place can create some confusion. Before you move even one box onto the truck, you should make a list of all your items. An inventory list will help you keep track of your move, but it’s also crucial for insurance purposes!
What Is An Inventory List?
When you’re moving, an inventory list acts as a record of all the personal belongings in your home. This is very important for insurance purposes because you have proof of the cost of items if they become damaged. While it’s good for mover’s insurance, a list is also important for those who have home or renter’s insurance (which should be everyone!). Even if you rent or live in student housing, an itemized list of your personal property can help you prove which items you owned and their worth when filing an insurance claim after a loss.
It also lets you keep track of everything that gets boxed so that you know where things are, ensuring that you don’t lose any items or spend a lot of time rifling through boxes in your new residence. The best time to make your list? As soon as you start the moving process! It’s a good idea to note anything as you put them into boxes.
How To Make An Inventory List
When coming up with the list, you can categorize the items by room, collection, type, fragility, or any criteria you may find relevant for tracking and unpacking. An inventory of the items in your home should include as much information as possible, such as:
- A description of the item
- The make, model, and serial number (if applicable)
- Date of purchase (if known)
- Any receipts or photos
- Any appraisals or the cost of the item at the time of purchase
Why Is An Inventory List Important?
Before, during, and after your move, keeping a home inventory is important. Inventory lists help you determine what type of home insurance and how much coverage you need. The main reason to have a home inventory is for insurance purposes, particularly when filing a claim. Insurance companies will ask you for an inventory list of items damaged, lost, or stolen as part of the claims process.
This is especially important for large and/or expensive collections. For example, if you have a lot of art or jewellery, you can use your inventory to see if additional coverage on this collection is warranted. An inventory list can complement your home insurance coverage because you never know when you could experience a loss or need to file an insurance claim.
Keeping an inventory list makes sure that you know the items in your home and their value in case of a loss. Homeowners can never know when a fire, flood, break-in, or some other accident will happen – but they can prepare themselves. One way is to have insurance, but another is a home inventory. If you keep and update the inventory made for moving day, it will be easy to stay protected!