Household Inventory

What Does Household Inventory Mean?

A household inventory is a list of important items within a residential property, including photos and the price of each item. If an item is lost, it can be reported to the insurer for replacement or reimbursement.

It is also known as a home inventory.

Insuranceopedia Explains Household Inventory

The traditional method of compiling a household inventory involves creating a written document or list. However, with advancements in technology, policyholders can now create video inventories. The items included in the inventory must be of value.

A home inventory is crucial when reporting a loss to an insurer, as it serves as proof that the lost item was in the insured’s possession. For this reason, the household inventory should be stored in a safe and secure location.