While most of us get our homes and businesses insured for water damage and fire damage, we often don’t do much about claim preparations. Most often, we do things that will help us prevent these incidents, but not enough for when water or fire damage occurs.
Let’s discuss creating an inventory for your home and business so if you ever have water or fire damage and your belongings get ruined, you can easily claim and recover the funds needed to replace them.
Here are three easy steps to creating an inventory you’ll be glad you have in the event of water or fire damage.
1. Make Video Footage
You can start by using your phone’s camera or a dedicated video camera to make a video of your home and business. Walk through the spaces of your residential and commercial property, and record everything. Focus mainly on your belongings.
Make sure you open all your drawers, cabinets, closets, and storage spaces to record the things you have stored inside. Backup the video footage to an offline, external storage device and a cloud storage service like Dropbox or box.net. This will ensure the physical and digital safety of the footage.
2. Scan Important Documents
Important documents and paperwork also need to be scanned and stored in a safe, offline physical storage device and the cloud. Consider documents like birth/ death certificates, marriage licenses, social security cards, bonds, wills, insurance policies, property papers, health care directives, appraisal documents, etc.
3. Comprehensive List of Valuables
Items of greater value like jewelry or business equipment should be recorded in a detailed list with details like purchase date, original price, and independent appraisals. You need to backup and secure this list as well. Most importantly, you need to consult your insurance agent for guidance because you may need to get extra coverage or insurance for such valuables.
It is always ideal to hope for the best and plan for the worst. If your home or business ever experiences water or fire damage, such an inventory will be invaluable for recovering your losses. Ensure you store information safely in the cloud and in an offline physical storage device, preferably stored in a safe location away from your home or business.
If you want to learn more about creating an inventory for water and fire damage or about our comprehensive restoration solutions, please visit our website today.