If damage or theft occurs to your home and personal property, are you aware that you have a major role in determining how quickly the claims process begins and the financial outcome? Unfortunately, many think that because they have an insurance policy and feel the amount of coverage for their personal property is sufficient - that this is all they need to do.

After you make the call to your insurance company - you will be informed that you need to compile a detailed list of all the items you lost and need to replace. This will need to include an accurate description, model and/or serial number, date of purchase, and estimate or appraised value. In addition, you will need to show proof of ownership through receipts or cancelled checks.

Be proactive - create your inventory report today. Otherwise, you will be reactive during a time of intense emotional stress. Creating the list after the fact, will delay the timing of your settlement payment and could drastically reduce the amount of your settlement.

For further information regarding a home or business inventory, visit www.jlksystems.com.
Also, visit http://www.dannylipford.com/diy-home-improvement/financial/how-to-prepare-your-own-home-inventory-report/