How to make a house fire inventory list (2024)

One of the most challenging tasks involved in the claim process after losing your home from a fire is adequately recording your personal property to ensure that you're entirely compensated for what you've lost. Completing a full loss inventory list is a high-stress task, and it must be performed correctly to avoid leaving dollars on the table. Know that it will be messy, time-consuming, and take much patience as you meticulously log the many possessions you have acquired over a lifetime.

Before entering your fire-damaged house, get express permission from the fire department to enter. Wear protective gear such as a long-sleeved shirt, long trousers, rough close-toed shoes or boots, a hard hat, safety glasses or goggles, and a certified face mask or respirator (marked NIOSH, N95, or P100) to avoid inhalation of smoke, soot, and other hazardous materials.

Creating a total loss inventory involves going through your entire home/buildings, room-by-room, taking several photos/videos, and making a list of your objects, noting the age, condition, and cost value of replacement for each of your belongings.

Create house diagrams, marking all spaces. That helps launch your memory about each room's contents. Draw large objects like furniture and appliances.

If all photos have been taken, you can start the arduous process of going through them and listing every object shown, making sure that it includes brand, age, quantity, cost, condition—be as precise as possible. Our free Personal Property Inventory Calculator will help.

Note the price you paid on your inventory for each item. Wherever practicable, include the property's initial sales receipts. If you don't have receipts or they've been lost, you can get duplicates from merchants. You can also study the online valuation of related objects. Note the cost to replace your damaged item with a new thing like kind and quality.

Another good suggestion is to visit a department store's website and use the wedding registry service to reconstruct a list of things lost in the fire. If the object you missed isn't available, list the most similar items. You can also download a price-scanning app and scan the damaged goods to create a list of new things and prices.

As there are thousands of personal property products to replace, you need to be careful and prepared to build a complete inventory of losses. Few plans offer RCV coverage for damaged personal property, but carriers make their insureds jump through some hoops to be reimbursed entirely. Though frustrating for many policyholders, the procedure ensures that the goods are replaced to protect the insurance provider from overpayment.

When you perform your inventory, go into as much detail as you can, include receipts and photographs wherever possible, and allocate each item a replacement cost. Notice that the insurance company's adjuster will depreciate each object based on age, condition, and wear & tear, reducing it to an ACV number (which is negotiable). Your carrier will delay the depreciated value until a given item has been substituted.

Store all invoices and receipts so you can repay them.

Please note you are not a home insurance claims expert. Don't think the insurance covers the damage you've suffered or not. Let your experts decide what's covered. Consumers are also wise to let their experts determine what items are covered by their insurance.

Experienced home insurance attorneys charge money on disputed parts of the lawsuit. That means they won't willingly bill your insurance provider's cash. Insurance companies spread myths, generating uncertainty in consumers not hiring a lawyer because they're too expensive. A home insurance attorney will help you get more. Almost all statistics suggest insurance companies pay more for hiring an accomplished insurance attorney.

Consumers are thoughtful to avoid buying insurance from companies wasting their premiums on lobbying state officials and slicking tv advertising rather than paying genuine insurance claims. Insurance companies likeState Farm have a terrible reputation for tricking customers. My law firm has discovered that the best way to protect our clients from being victimized by greedy insurance companies is not to buy insurance.

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How to make a house fire inventory list (2024)

FAQs

How do I make a household inventory list? ›

A simple, step-by-step process can help you get started and stay on track when creating your home inventory.
  1. Find an easy place to start. ...
  2. File recent purchases. ...
  3. Start with basic details. ...
  4. Take photos. ...
  5. Document serial numbers. ...
  6. Categorize your belongings. ...
  7. Store receipts. ...
  8. Confirm high-value coverage.
May 7, 2021

What details should the inventory include? ›

A written inventory: A comprehensive home inventory list catalogs your belongings and should include the item description (make, model and serial number, if applicable), value and purchase date.

How do I make a home inventory video? ›

How to make a Home Inventory Video - YouTube

How do I make an insurance company list? ›

Start your list by using categories like furniture, clothing, personal items, and jewelry. Then estimate what it would cost to replace each item. Insurers often arrive at the value of personal property that has depreciated by subtracting the estimated depreciation from the current cost.

How detailed should a home inventory be? ›

Ideally, your inventory should include information like the item's description and the item's purchase price or estimated replacement value. For an extra detailed home inventory list, include the item's purchase date and serial or model number.

What should you include in a personal property inventory? ›

Your furniture, appliances, clothing, sports/hobby equipment, and electronics are all regarded as personal property. After a loss, too many people find out they should have increased their coverage amounts or purchased replacement cost coverage.

Why should you have a home inventory? ›

It saves time if you have a claim

If there is a fire in your home, or you are robbed, a detailed list of what was destroyed or stolen can make a claim less stressful. If you have valuable items such as collectibles, antiques, firearms, or jewelry, the more detail you can provide, the better.

How do you document your assets? ›

Personal Information that you should include in your asset document:
  1. Your Full name.
  2. Passport Number.
  3. An example of the Signature used in your Last Will and Testament.
  4. Income Tax Number.
  5. Social Security Number.
  6. Account names, banks and numbers.
  7. Location of important documents.
  8. Location of your last Will.

Should I inventory my house? ›

A home inventory could prove invaluable if you lost some or all of your belongings in a fire, burglary, or natural disaster. It is a list of all the personal belongings in your home, including when you bought each item, the original cost, and any identifying information (e.g. model or serial numbers).

How do you make a photo inventory? ›

To achieve this, here are some overall guidelines to use when you are taking inventory photos:
  1. Make sure the product is clean before you photograph. ...
  2. Use a tripod for your camera. ...
  3. Take shots at different angles. ...
  4. Use a solid, consistent background. ...
  5. Clear the scene. ...
  6. Don't use a flash. ...
  7. Consistent Lighting.
Mar 14, 2018

How do you document possessions for insurance? ›

Home Inventory via Documentation

Document where the item is in your home, and what it is. Include serial numbers and model numbers if applicable. You can then give a copy of the sheet to your insurance agent. It is probably a good idea to document your possessions in conjunction with the video or photo documentation.

Why should you also keep a video or photograph of all the items in your household inventory? ›

Home inventory videos are a great way to keep track of your possessions in case of an insurance emergency. Your home is filled with personal treasures and expensive items, and it's important to keep track of all of it for your homeowners insurance.

How do I get the most out of my fire insurance claim? ›

5 Tips to Get the Most Money for Your House Fire Claim
  1. Find Your Insurance Policies and Report Your Loss. Make sure you have a current copy of your homeowners insurance policy. ...
  2. Ask for an Advance. ...
  3. Take Inventory of Your Lost/Damaged Items. ...
  4. Get Help From Friends and Family.

What kind of pictures do I need for home insurance? ›

Here are common home insurance hazards that may indicate the need for pictures:
  • Trees on your property with long, heavy branches hanging over your roof or close to your home.
  • Your home deck may have missing railings, rotting wood, or other safety concerns.
  • Your home has maintenance issues such as neglected gutters.
Apr 27, 2022

What should a home insurance adjuster say? ›

And while it's important to remain honest about your claim, you should avoid suggesting you're to blame.
  1. Keep an itemized list of your lost or damaged property. ...
  2. Keep a log of any meetings with the adjuster. ...
  3. Be honest about your loss. ...
  4. Understand your policy's exclusions.
Aug 23, 2021

What is counted in inventory? ›

An inventory count, or inventory counting, is the physical verification of the numbers and condition of articles that are in stock which is a tool within inventory management. This is often done in order to carry out an audit on whether the technical bookkeeping stock matches the physical warehouse stock.

Does inventory include equipment? ›

Inventory includes items that are used once or last only a short amount of time; these can also be referred to as consumables. These items do not need to be tracked closely, like equipment, but knowing the quantity on hand is valuable to an organization so that they can be reordered when necessary.

Why is inventory included in the computation of net income? ›

Why are inventories included in the computation of net income? To determine cost of goods sold.

How do you measure inventory? ›

Inventories are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

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