Having to deal with the loss of your possession after a traumatic event like a fire or burglary is tough enough as it is… then comes the claims process. Trying to effectively document every single item lost to make a claim is exhausting work and can feel unending. That’s why we recommend performing a personal video inventory for your property.
What is a Video Inventory
A simple inventory involves noting down your possession and their value so that there is a record of them in the case of a claim needing to be made. While it is vital to do this, when it comes to the claims process it can still take a while for an effective evaluation to be carried out because all you have is a piece of paper for evidence.
A video inventory, on the other hand, is a much stronger piece of evidence. It allows you to visually record every piece of property that you want protected to ensure the claims process goes smoothly and that you don’t forget about anything when eventually making the claim.
How to do it
The process is simple enough, use either a camera or smartphone and diligently go through your home. Open all drawers and closets so that you are as thorough as possible. For electronics be sure to capture any specs and serial numbers and for designer pieces, be sure to capture the label. For furniture, be sure to remove any coverings so the item in question is clear. Once you’ve finished, save the file to an external hard drive and keep it in a separate, safe location for easy access in case of a claim.
Trying to effectively document every single item lost to make a claim is exhausting work and can feel unending. That’s why we recommend performing a personal video inventory for your property.
Summary
By performing a video inventory, you help yourself in a number of ways. You ensure that the claims process is as smooth and painless as possible, you avoid leaving money on the table by forgetting about items and you make it easy to purchase the right type of insurance so you don’t overpay.
