Your Home - Inventory

Left AlignDo you know exactly what you have in your house?

This might be an odd question to ask, but keeping a list of the things you own is an often-overlooked security measure. And inventory might help ...

Start by making a list of everything you own. It's probably worth keeping a different list for each room in your house and try not to miss anything. Include carpets, clothes, furniture, even your pots and pans, and don't forget things in the garage, the shed or the garden.

When you have your list of items together add the following information for each item:
• The year in which it was bought
• The price when new
• Serial numbers and the correct make and model
• Whether or not they are used away from home (cameras, watches, jewellery etc)

If you have antiques or other items that may be worth a lot of money, or which have great sentimental value, get a proper valuation done.

When your list is finished add up the value of your property and check your insurance policy.

Remember, most household insurance policies are now arranged on what is called a "new for old" basis. This means if your video player is stolen, for example, the insurance company will replace it with a new one of the same model or latest equivalent. The amount you insure for should be based on the price when new, not the current value.

Many insurance companies now like to have proof of purchase or some way of showing you actually owned the property, as well as the condition it was in. If you can, keep receipts or even a set of photographs of your possessions with your inventory.

Finally, while you're making your list, it's probably worth marking your property at the same time. See our section on property marking for more information.