Already on ArticleSlash?

Forgot your password? Sign Up

Home Inventory - Not Just For Your Home

Cindy Hartman

Visitors: 351
 1 vote

The term “home inventory" can be misleading. It is commonly used to talk about “personal property" whether in the home or elsewhere. There are home inventory service providers who document the contents of houses, mainly for the purpose of maximizing an insurance claim. However, some of these service providers also provide inventories of the assets in businesses, storage units, trucks, trailers, RVs and garages.

Most insurance agents stated that they encourage their customers to record their contents, but they know that very few actually complete the task. So to find out what types of inventories our readers have - if any - we conducted a survey. The results showed that only 9% have an inventory of the contents in their homes. Surprisingly, a much larger percentage documents their belongings located elsewhere.


An amazing 71% have an inventory of their assets in their vacation homes. This might be due to the fact that they are also rental properties and the opportunity for damage or theft is high. Additionally, since they are not there often, it is understood that it would be difficult to recall everything if there becomes a need to file a claim.


The same number - 71% - have documentation of the items placed in storage. The easiest way to record these is when you're loading the items into the unit. If you already have belongings stored, it's worth the effort to pull them out and record them.


Unexpectedly, only 34% of business owners responded that they have an asset inventory of their businesses personal property. Insurance adjusters state that if you have an inventory, you can anticipate you'll file your initial claim within 48 hours. Without this information previously recorded, the initial claim normally takes at least 4 months to submit. If you don't have the funds to replace your desks, computers, chairs, equipment, etc. , will you be able to remain in business? Will your customers and/or employees wait that long for you?

Comments on our survey:

A client had a theft claim, had an inventory and got full settlement and was very satisfied.

If we had a disaster, we would be changing our life circumstances significantly.

Take the time to document all your personal property - your home, storage unit(s), vacation home and business. If you can't or choose not to compile the information yourself, and now see the need to have a thorough record of your belongings, contact a home inventory service provider for an efficient, cost effective process that will bring you peace of mind.

Cindy Hartman is President of Hartman Inventory, a woman-owned business. Visit her website at to discover more reasons you need a business or home inventory. Also view the Turnkey page to learn about the Hartman Inventory Systems, a complete turnkey business package; start and grow your own personal property inventory service. Cindy's blog, at discusses marketing, management, entrepreneurship and asset inventories.


Article Source:

Rate this Article: 
Unsecured Home Improvement Loans - Make Your Home A Dream Home
Rated 1.0 / 5
based on 1 vote

Related Articles:

Home Inventory Equals Less Stress

by: Cindy Hartman (October 06, 2008) 
(Reference and Education/Survival and Emergency)

How to Create a Home Inventory For Emergencies

by: Nathan Richardson (July 05, 2008) 
(Reference and Education/Survival and Emergency)

Home Inventory 8 Reasons Why You Need This Information

by: Cindy Hartman (July 21, 2008) 
(Home and Family)

Home Inventory A Must Before You Move Or Place Items in Storage

by: Cindy Hartman (July 24, 2008) 
(Real Estate/Moving Relocating)

eBay Home Based Business Without Any Inventory - eBay Affiliates

by: Ivana Bosnjak (April 01, 2008) 
(Home Based Business)

Inventory Management Software - Efficient Inventory Control

by: Francisco Segura (March 05, 2008) 

When Should You Liquidate Inventory: Tips For Optimal Inventory Management

by: Adam Gilchrist (April 15, 2010) 

Purchasing Inventory in Manufacturing: Straight To the Job or To Inventory?

by: Dusty Alexander (February 19, 2007) 
(Computers and Technology)

Home Protect Home Warranty protects from the unwanted home expenses

by: Alvie Stevens (December 16, 2010) 
(Home Improvement/Security)

Unsecured Home Improvement Loans - Make Your Home A Dream Home

by: Christian Phelps (May 22, 2008)