How to create a home contents and valuables inventory

If your home was damaged, destroyed, or burgled tomorrow, would you be able to recall every item that you own? I certainly could not, and I am sure most would be in the same position. Knowing what you own is important, not just to you and your family, but, to your insurance company as well.

According to Chubb Insurance, one of the insurers we use to help insure our customer’s Prestige Home & Valuable Articles has prepared several reasons why you might want to prepare a list of your personal belongings and how to create a home contents and valuables inventory.

Here’s some of the reasons why it’s worth going to the trouble of documenting every valuable item in your home:

  • You’ll know what you have and if your insurance coverage will cover you completely in the event of a loss

  • If you experience a loss, the claims process will be faster and easier

  • You may need it for estate planning purposes

  • It can help you keep track of valuables if you move or store things outside your home

To put together a home inventory yourself, you may follow these simple steps:

  1. Use a camera or your phone to take pictures.

  2. Photograph one room at a time.

    Take multiple shots from different angles, documenting the contents and how they are set up.

  3. Photograph any high-value items, collectibles, or extremely unique pieces individually.

    Remember to look in places such as drawers and closets for valuables – and don’t forget handbags.

  4. Consider these tips when taking pictures of special items:

    • Artwork – Take pictures of the artwork from multiple angles to avoid potential glare from head-on shots. Record the artist’s signature, medium, title, date and edition number if applicable.

    • Jewellery – Take close-ups of jewellery in good, natural light using a macro lens.

    • Silver and china – Document one full place setting and capture the marking or hallmark, if possible.

    • Valuable rugs – Take pictures of the front and back of the rug to verify how it is made.

    • Electronics and appliances – Take pictures of the pieces as well as their serial or model numbers.

  5. Organise your list.

    • Group together less valuable items into one entry, such as decorative items, sporting goods, kitchen goods, etc.

    • For individual items, list quantity, maker, artist and value, if known. Include the image ID associated with that item.

    • Reference any invoices or receipts you have kept, to document detailed information such as purchase price or value.

    • If you don’t have time to create a spreadsheet or would like the capability to attach invoices, etc. to your inventory, try using an inventory app or home management software, such as HomeZada.

  6. Keep your inventory in a safe place.

    Store your home inventory in more than one location outside your home, such as an electronic back-up, office, or with a family member.