Home Insurance Inventory Tool – KnowYourStuff.org

It’s smart to get homeowners or renters insurance, likely required if you have a mortgage. But if you actually had to make a claim, would you know what items you lost? That’s what a home inventory is useful for.

After a tragedy like losing your home or experiencing a burglary, it’s hard enough dealing with the situation and working toward getting restored. Make a home inventory to help ease that burden (and boost your credibility with your insurance provider). You’ll be glad you did.

Here’s a home inventory tool, provided by the Insurance Information Institute: http://www.knowyourstuff.org/

Excerpts from the Terms of Use:

You may not access the Service if you are a direct competitor of StrongTech.com, except with StrongTech.com’s prior written consent. In addition, you may not access the Service for purposes of monitoring its availability, performance or functionality, or for any other benchmarking or competitive purposes.

StrongTech.com does not own any data, information or material that you submit to the Service in the course of using the Service (“Customer Data”). You, not StrongTech.com, shall have sole responsibility for the accuracy, quality, integrity, legality, reliability, appropriateness, and intellectual property ownership or right to use of all Customer Data, and StrongTech.com shall not be responsible or liable for the deletion, correction, destruction, damage, loss or failure to store any Customer Data.

During use of the Service, you may enter into correspondence with, purchase goods and/or services from, or participate in promotions of advertisers or sponsors showing their goods and/or services through the Service (together, the “Advertisements”). Any such activity, and any terms, conditions, warranties or representations associated with the Advertisements, is solely between you and the applicable third-party.

This Agreement commences on the Effective Date. The term is indefinite and may be terminated at any time in either party’s discretion upon 30 days notice. In the event this Agreement is terminated (other than by reason of your breach), StrongTech.com will make available to you a file of the asset Data within 30 days of termination if you so request at the time of termination. You agree and acknowledge that StrongTech.com has no obligation to retain the Customer Data, and may delete such Customer Data, more than 30 days after termination.

Excerpts from the Privacy Policy:

We use asset information to better design our website and place related ads. For example, we may place a small Apple iPod advertisement next to an Apple Mac Pro laptop that is being managed at the site. However, we would not disclose anything that could be used to identify individuals. We relate your assets managed at the site to advertisements and place advertisements in the spacebars.

Finally, we never use or share the personally identifiable information provided to us online in ways unrelated to the ones described above without also providing you an opportunity to opt-out or otherwise prohibit such unrelated uses.

After your initial signup, you’ll see the “Setup Wizard” screen to get started entering information.

The home inventory website has these features:

  • Enter your Insurance Company Information (able to be edited)
  • Store up to 8 images/photos of the exterior of your home
  • Create any number of rooms and add items to specific rooms
  • Add multiple locations: “Establish multiple addresses and manage inventories for multiple locations.” (storage units, personal items you keep at work, etc.)
  • Generate reports: assets by room, assets by category, or whole home inventory
  • Search screen to search items by room, category, name you gave the item, or make, model, or serial number

The “Add Room” screen, with standard room names already provided for your convenience.

Here’s the “Add Item” screen. You can see how detailed it can be.

Your next steps

  1. Go around your house, garage, and storage sheds and take 100 photos, maybe even a video (just to store on your computer, not this website — although you could upload to YouTube and mark that specific video as Private). Take an extra second to get good photos of the bigger-ticket items like TVs, computers, riding lawnmowers, and more. Take photos of the back and bottom of items with serial numbers, like electronics and golf clubs.
  2. After going photo-crazy, save the photos to your computer and organize them in folders by room.
  3. Login to the KnowYourStuff.org website and start entering information. Try to get as much information entered as quickly as possible.
  4. After entering all valuable items, go back and review items entered, this time going slowly to make sure everything’s complete. Make sure to upload receipts, enter make, model, and serial number, and put the finishing touches on your entries.
  5. Run one or more reports, print them off, and walk around the house (or look at the photos) and see if you missed any items. Don’t forget to peek in benches, drawers, cubbies, and cabinets.
  6. Repeat until you finalize your home inventory.
  7. Run the report(s) and provide to your insurance agent. Ask for their expert opinion regarding your coverage, to make sure you have the appropriate coverage. They might suggest adding a personal articles policy for things like “scheduled” jewelry, computers, bikes, golf clubs, or collectibles that have limits in the standard homeowners insurance policy.
  8. After all your hard work, share this tip with a friend. Or maybe make this step #1 and go through the process together!

 

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