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Property And Casualty Insurance

How To Create An Inventory Of Your Personal Property

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An inventory list should include: 

  • A description of the general items (e.g., sofas, chairs).
  • Description of specific valuable items
  • Date of purchase (approximate if you do not have the exact date).
  • Whether the item was purchased new or used.
  • Purchase price.
  • An approximation of what the item would cost to replace today.
  • Serial Numbers, if any.
  • Which assets are used for business.

It helps to also have a videotape or photos of the items, as well as the purchase receipts (or at least as many as you can find). (For tips about videotaping, click here.)

Keep inventory information in your safe deposit box or a locked fireproof file, preferably away from the insured premises.

From now on, keep copies of all purchase receipts in the same safe place. 

It is wise to review your assets each year when your coverage is renewed to update asset values, add new assets to your list and subtract any assets that have been disposed of since the beginning of the last policy period. The insurance company won't refund premiums for property you insured but no longer own.

We help you create an inventory list by including an interactive chart you can securely store on our site.

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My Household Inventory

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