Theft, fire or disasters can be a huge blow to your home-based business if you are not properly covered. You wouldn’t be able to know the extent of your loss if you have not done a thorough inventory beforehand.
Starting an inventory of all your assets can be overwhelming at first. You need to keep a detailed record of everything you own like appliances, clothes, arts, documents, and even plants! However, once you got everything down on pat, the rewards of a well-organized inventory are worth it.
It can help you facilitate an efficient claims filing and processing for loss and damages of your personal property.
To help you start off with this task, here are time proven hacks that will simplify this process:
Starting an inventory of all your assets can be overwhelming at first. You need to keep a detailed record of everything you own like appliances, clothes, arts, documents, and even plants! However, once you got everything down on pat, the rewards of a well-organized inventory are worth it.
It can help you facilitate an efficient claims filing and processing for loss and damages of your personal property.
To help you start off with this task, here are time proven hacks that will simplify this process:
Write Down Everything
An old-fashioned yet still effective way is to write down all that you own and as much
information as you can provide in a ledger.
The inventory checklist should include an exhaustive description of each item. If you do not
know where to start, you can download templates online. Just take note that the descriptions of each item should include its age and condition, specifications and approximate financial value.
This is especially true for appliances and electronics. For minor items like clothes, books or plants you can just log the number of pieces. Rare and expensive items that are considered high-value, need to be listed separately.
Keep the Proofs of Purchase
Usually, the more expensive an item is, the more proofs you will need. Therefore, it is very
important to keep the receipts, appraisals or purchase contracts of items which you consider high value filed in a folder according to the category.
Use Technology
You can also keep an online inventory by using Google drive and taking advantage of Google Sheets or Keep. There are also other free websites and apps you can use to help you with this concern. You can also take a photo and video of the items you own and their receipts.
The hacks listed here overlap and are complementary to each other. You do not see the advantages now, but picking up the pieces after a disaster is just a devastating. So it is better to be prepared than be caught empty-handed.
At Valencia Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (772) 344-8899 or Click Here to request a free quote.
An old-fashioned yet still effective way is to write down all that you own and as much
information as you can provide in a ledger.
The inventory checklist should include an exhaustive description of each item. If you do not
know where to start, you can download templates online. Just take note that the descriptions of each item should include its age and condition, specifications and approximate financial value.
This is especially true for appliances and electronics. For minor items like clothes, books or plants you can just log the number of pieces. Rare and expensive items that are considered high-value, need to be listed separately.
Keep the Proofs of Purchase
Usually, the more expensive an item is, the more proofs you will need. Therefore, it is very
important to keep the receipts, appraisals or purchase contracts of items which you consider high value filed in a folder according to the category.
Use Technology
You can also keep an online inventory by using Google drive and taking advantage of Google Sheets or Keep. There are also other free websites and apps you can use to help you with this concern. You can also take a photo and video of the items you own and their receipts.
The hacks listed here overlap and are complementary to each other. You do not see the advantages now, but picking up the pieces after a disaster is just a devastating. So it is better to be prepared than be caught empty-handed.
At Valencia Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (772) 344-8899 or Click Here to request a free quote.
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