Documenting a complete inventory of your home has a number of benefits for your home insurance, and Home-Wizard makes it easy to create and securely save your home inventory. The benefits for your home insurance of doing a home inventory include:

Right Coverage:  One of the biggest benefits of doing a complete home inventory is that it helps ensure that you are using the correct value basis for setting your proper insurance coverages.

Time Savings:  If you ever need to file an insurance claim, having a detailed home inventory will save you time for making your filing, and as a result, helps you receive your payment sooner.

Completeness:  Documenting a thorough home inventory helps ensure that in the event of a claim that every item in your home is included. This includes smaller items, such as clothing and kids' toys, which when added all together can still amount to significant value.

Accuracy:  Including serial numbers, purchase dates, and receipts help support the proper valuation of your home inventory.

Identication Of High-Value Items:  When doing your home inventory, you will want to pay special attention to your more expensive items, such as jewelry, artwork, and collectibles. After identifying these items, you might want to consider getting special insurance coverages for them.

In addition to the insurance benefits of doing a home inventory, there are other benefits too:

Tax And Financial Assistance Substantiation:  If you ever face a major catastrophe, having a well-documented home inventory can help you substantiate your financial losses, so that you can determine if you qualify for a tax break or disaster assistance.

Net Worth Estimation:  Doing a complete home inventory can help you get better insight into your true net worth, which can enable you to do better financial planning.

Clutter Reduction:  As you are doing your home inventory, it can be a great opportunity to organize and assess what items you truly need, and to identify which items you may want to target for donation.

Moving Support:  When it's time to move out of your house, having a ready-made home inventory can help the moving process go much better.

Home-Wizard makes it easy for your to document and save your home inventory. In the Digital Diary section of your Home-Wizard personal home manager, there is a section for Home Inventory. In this section, you can download a template to use to capture your inventory, which can then be uploaded securely in Home-Wizard for safe-keeping. If you prefer, you can also upload a video inventory for your home.