Creating a home inventory offers the best protection

Do you know if you have enough homeowner’s insurance coverage for everything in your home? If you had to file a claim for a total loss could you list the value of every one of your destroyed possessions? The investments that you make in your personal hobbies and homes can have a great influence on your insurance needs. The Division of Insurance recommends that you create a home inventory to help you decide on the type and amount of home insurance you need and to expedite the claims process in the event of a loss.

The National Association of Insurance Commissioners (NAIC) offers free resources to help homeowners and renters create their inventory. 

You can download the free NAIC Home Inventory app for iPhone at the App Store and Android on Google Play. The app allows consumers to create and protect a record of your belongings and offers tips on disaster preparation and filing claims. This app has features that allow you to group your belongings by category, scan barcodes, upload and export photos, find disaster preparation advice, and  review information about filing insurance claims. 

Tips for creating a home inventory

  • Start by recording “big ticket” items such as jewelry, art, family heirlooms, collections and electronics.
  • Document your possessions room by room.
  • Collect copies of receipts and appraisals, including model name and serial number.
  • Take video or photos of every possession and document its age, current value and purchase price.
  • Store your home inventory in a safe, easily accessible place online or in a fireproof box. Consider storing a copy with friends, relatives or your insurance provider.

If you have any questions, you can use the Nevada Consumer's Guide to Home Insurance as a guide when making decisions about home insurance. It contains valuable information about purchasing and understanding coverage for your home and your personal belongings.