The Importance of Home Inventory

Whether you're renting or buying a home, it's a great idea to keep a home inventory.


Keeping of track of all of your belongings is important. Why? Because in the event of a loss caused by a catastrophic event, recording exactly what was in your house will help to provide proof of all that was lost. Since you can never be sure of the future, it is a good idea to prepare yourself and your household in every way possible. Why wait? Get started today.

The Facts

Loss occurs probably more than you think. The FBI estimates that each year, 1 in 36 homes will be broken into. 65% of those burglary's happen between 6 AM and 6 PM (while you are probably at work). The average loss per break in is $2,230.00. Depending on where you live, those risks may increase.

According to the NFPA, approximately 14,664 house fires occur each year, resulting in total loss of 1.4 million dollars.

These are just two scenarios of events that could cause loss to your home. Depending on where you live, weather can also be an issue. No matter what, keeping home inventory is a great idea!

What is a home inventory?

A complete inventory, including pictures, of all major items in your house. Think about items you would want covered in the event of a loss. It is a good idea to include purchase date, price, and serial numbers when possible. Remember to keep your inventory up to date, and list any new purchases as you make them. You should store the list and photos away from your house. We recommend a safety deposit box.

Having an up-to-date home inventory will help you:

  • Accurately determine the value of your belongings
  • Settle your insurance claim faster
  • Report a loss to the IRS and to your insurance provider


If you are looking for an easier way to inventory your belongings than with a pen and paper, you could consider some mobile tools, such as Google Keep and Microsoft One Note.


In good health,

Your friends at 360 Insurance Company

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