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Sample home inventory list3/30/2023 Miller Public Adjusters has extensive experience inventorying damaged/destroyed personal property that will save you time, hassle, and best of all, be done correctly to make sure your assets are fully valued. We Can HelpĬreating a total loss inventory is a lot to handle and can be overwhelming. S ave all invoices and receipts, so you can submit them for reimbursement. Your carrier will withhold the depreciated amount until you prove you replaced a given item. Note that the insurance company's adjuster will depreciate each item based on age, condition, and wear & tear, reducing everything to an Actual Cash Value (ACV) amount (which is negotiable). While confusing to many policyholders, the process ensures your items are replaced in a way that protects the insurance company from overpaying.Īs you conduct your inventory, go into as much detail as you can, providing receipts and photos whenever possible, and assigning a replacement cost value to each item. Some policies provide Replacement Cost Value (RCV) coverage for damaged personal property, but carriers make their insureds jump through some hoops to get fully reimbursed. You can also download a price-scanning app, and scan the items that were damaged to create a list of new items and prices.Īssign Replacement Cost Values to Your Personal ItemsĪs there are literally thousands of personal property items to be replaced, you need to be meticulous and organized as you create your total loss inventory list. If the specific item you lost is not available, list the most similar ones. Be sure to note the cost to replace your damaged item with a new item of like kind and quality.Īnother helpful idea is to visit a department store website and use its wedding registry tool to recreate a list of items you lost in the fire. You can also research the valuation of similar items on the Internet. If you don’t have receipts or they were destroyed, you may be able to get duplicates from the merchants. Wherever possible, include receipts for the original purchase of your property. Note the price you paid for each item on your inventory.Find it and tons of other valuable tools on our Resources page. Our free Personal Property Inventory Calculator can help you with this. Once all photographs have been taken, you can begin the arduous process of going through them and listing every item shown, making sure to include brand, age, quantity, cost, condition-be as specific as possible.Repeat the process until you've photographed everything in that room, then move on to the other rooms and do it all again until you’ve gone through everything. Be sure you can see what's in the photos. Place several smaller items on a flat surface, like a tabletop, and photograph them. Draw in large items like furniture and electronic items. This will help jumpstart your memory about the contents of each room. Make a diagram of the house, labeling all the rooms.Wear protective gear, like a long-sleeved shirt, long pants, rugged close-toed shoes or boots, work gloves, a hard hat, safety glasses or goggles, and a certified face mask or respirator (marked NIOSH, N95, or P100) to prevent inhaling ash, soot, and other toxic materials.Ĭreating a total loss inventory requires going through your entire home/buildings, room by room, taking multiple photos/videos, and then creating a list of your items, noting the age, condition, and replacement cost value for each of your possessions. Make Sure it’s Safeīefore entering your fire-damaged home, get explicit permission from the fire department that it’s safe to enter. Know going in that it will be messy, time-consuming, and require a lot of patience as you meticulously document the many possessions you’ve accumulated over a lifetime. Completing a total loss inventory list is a high-stress task, and it must be done correctly so as not to leave settlement dollars on the table. ![]() ![]() One of the most daunting tasks required in the claim process after losing your home to a fire is properly documenting your personal property to ensure you’re compensated fully for what you’ve lost.
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