Stay Connected

Inventory your belongings

January 27, 2012 | Alliant Credit Union

One of the most important things you can do to protect your belongings is to know what you have. You may have a homeowners or renters insurance policy that will pay to have your household items replaced if they are stolen, lost or damaged. However, few individuals take the time to adequately prepare a listing of those items. If there is a fire, flood or theft, having an inventory is essential in making a claim - and being reimbursed for your loss.

One of the easiest ways to prepare a record of your belongings is to take a video camera and just slowly walk through your home and describe each item you see. You can also prepare a written listing. Be sure to include items in your closets, basement and garage. You will probably be surprised to learn just how many items you have. You should also include items that are covered under your insurance policy but may be located outside of your home, including items kept in storage.

If you are going to prepare a video listing, describe each item including information on when you bought the item, how much it cost and maybe even where you bought it. For appliances or electronic equipment, you should note the model number and serial numbers. Having that information helps justify your claim.

Preparing a written listing may take more time and effort, but can be just as valuable. Just write down all the information and for special items, you may want to take photographs.

Be sure to store the record of your belongings somewhere that is safe and accessible if disaster strikes. Keeping the record in a safe deposit box, at work or with a trusted relative can provide assurance that that the records will be available if your home is destroyed.

Make sure to update your inventory on a regular basis. Hopefully, you will never have to use your inventory, but if disaster strikes, you will be glad you took the time to make a record of your possessions.

Source: Credit Union National Association, Inc.


© 2012 Alliant Credit Union. All Rights Reserved.

Online Banking Login
Membership
Eligibility
Benefits
Deposits & Investments
Savings
Checking
Health Savings (HSA)
Certificates
Education Savings
IRA
Trust & Custodial Accounts
Insurance
Investment Services
Loans
Mortgages
Home Equity
Vehicle
Student
Personal
Financial Assistance
Insurance
VISA® Cards
Platinum
Platinum Rewards
Gift Card
Support
Contact Alliant
Forms
Rates
Disclosures
Services
Lost or Stolen Card
Credit Card
866-444-8529

ATM/Check Card
800-328-1935