Many people understand the value of having an accurate home inventory record of their possessions. This record may also be helpful in determining the correct amount of Massachusetts homeowners insurance coverage you need.
Try inventorying a single room at a time to avoid being overwhelmed by this task. Here’s a suggested list of the details you should consider documenting for each item.
- Object or item. Don’t go into reams of detail but do list specific points so you know exactly what each item is.
- Brand and model number. This is particularly relevant with electrical equipment and appliances.
- Location. In the future you may be unsure of what the item is, knowing the room it’s located in may be helpful in refreshing your memory.
- Purchase price. Sometimes the price is documented on the warranty or guarantee. Try to jot down the price of all new purchases on your inventory record.
- Photo. A photo of the item may be invaluable if the item needs to be traced after a theft.