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English » FAQ » Homeowners FAQs » Q: How do I take a home inventory and why?

Most likely you will not be able to remember all the possessions you've accumulated over the years in your home, if they were destroyed by a fire! By having an up-to-date home inventory list you will be able to get your insurance claim settled faster, verify losses for your income tax returns and help you purchase the correct amount of insurance.

You should start by making a list of all your possessions, and describe each one, noting where you bought it and what kind of make and model it is. Also add to your list any receipts, purchase contracts, and appraisals that you have.

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