|
Why Inventory?
- Proof of ownership. Be able to prove that an item
does exist in your household or business location.
- Show existing workmanship and fixture quality
. When you upgrade your countertops, cabinetry, flooring, etc.
Make sure that you have documented proof of the quality of the work that was done.
- Replace with the same quality
. Be able to replace your 'Sony 51" HDTV' valued according
to exact brand and model number and not just a TV allowance for an average 51" TV from your insurance company.
- Claim Responsibility.
Providing documentation to prove ownership and loss when filing a claim falls on the insured.
Be prepared to provide documentation to your insurance company and/or police department quickly.
- Settle claims accurately, and efficiently.
Don't miss out on maximizing your claim,
because you forgot about, or didn't notice items that are missing. Often people
find out after their insurance claim has been finalized, check in hand, or even
check spent, that they did not realize that one or more items are gone, and they
hadn't noticed until it was too late.
- Assure that you are properly insured
Knowing exactly what you have, and assigning values to your
assets, allows you to make the right choices in choosing the type of insurance,
and the amount of insurance that you need.
|
|
-
Don't get just the specifics, add notes or stories to your inventory.
Don't leave it to your heirs to understand the intangible value of an item. We can digitize and add
your notes, letters, or stories as linked resources to your items.
-
Establish the groundwork for your estate's valuation.
Eliminate the need for your executer to pick through
every item, deciding what to throw away, what to sell, what to distribute.
Proper documentation can prevent the almost invasive work that is often left to an executor
at a time when your loved ones are grieving.
-
Our software will accept beneficiary assignments during or after the inventory, and *
reports can be printed that can be added to your will.
*These reports are not legally binding by themselves. Talk
to your lawyer about how to add these to your will.
- All apartments or rental homes
can benefit from a pictorial or video
recording of the premises in between tenants.
This can be of great benefit if there is a dispute regarding property damage.
- As a Landlord, document "furnished" items.
Have a record of the appliances or other fixtures in a home for your insurance,
as well as for reasons mentioned above.
- As a Landlord, document upgrades
as they are done. Make sure that in the event of a loss you are covered
for not only the quality of your upgrades, but also for the added revenue that these
upgrades could bring.
- Vacation rental properties
should be inventoried regularly, we suggest at least once a year.
Some owners might opt for more frequent inventory updates to keep up with any damages or thefts.
- A Tenant, just like a homeowner,
will benefit from documentation of their own possessions.
Ensure that you have proper renter's insurance to cover your belongings
, and have those belongings documented for the same reasons that a home-owner would.
-
Make sure that you have proof of your belongings
and their condition before you move.
Details will be valuable in the event that you need to file
a claim with your moving company for loss or damage.
- Make sure that you are adequately covered.
Ensure that you have enough coverage for your valuables
before you move them. High value items may even benefit
from insurance riders.
- Itemized property documentation is
strongly recommended by your insurance agent.
Inventory your tools and machinery, office equipment, vehicles,
and any other items that you use to conduct business.
- Be able to provide lenders and
suppliers with an accurate value of your current assets.
Often a business loan is determined by collateral.
- Government reporting.
Some businesses must report fixed assets, make sure that your list is complete,
and that you aren't still reporting assets that you no longer possess or use.
- Talk with us if you have special
asset reporting needs for your company. We have the ability to accommodate
custom asset reports.
- Hobbies often
require special equipment and supplies.
Make sure that your tools, sports gear, and supplies are covered in case of a loss.
- Collections can be tedious to
track, but almost always contain items that appreciate. Keep these documented,
and keep appraisals of the items on file. As part of your inventory, we can
enter values of these items based on your word, or an appraisal. *Appraisals
will also be digitized and added to your inventory along with the photos and details
of the items. When you receive updated appraisals let us know.
- We offer contracts for periodic
updates to your collections. These can be done based on a scheduled
time-frame or by your request when you add items of value.
* Please note that we are not in
the business of appraisals, and will not _assign_ values, nor testify in court as
to the value of your properties. We will however, record
values that you provide by appraisal, receipt, or your own judgement.
- Divorce.
Trying to split your assets by memory will likely result in quite a few assets
being overlooked, and not specified in your agreements.
We can provide you with a third party inventory at this time.
This can help you to be complete and thorough in that process, leaving less
room for later disputes.
- Estate. Having a third-party
listing of all items can be very valuable when determining property distribution
in the case of incomplete or out-dated wills. If your loved one left property
with very little instruction regarding asset allocations, we can help you determine
exactly what is there, and we can even provide custom reports that might help
your executor distribute heirlooms justly by being able
to see a property list ordered by an appropriate category.
|
|