FREQUENTLY ASKED QUETIONS
What is a Home Inventory Report?
DEFINITION OF HOME INVENTORY REPORT: A Home Inventory Report is a report that documents all of your personal property items (possessions) located in your home or apartment. It is commonly a photogrpahic and video recording of all your home's contents located in you home or apartment structure. This report will include adjacent outbuildings such as sheds. The Home Inventory Report is recommended to be certified or notorized by a third party such as Florida Home Inventory Company.
What is the primary reason to have a Home Inventory Report performed?
A Home Inventory Report documents the existence and condition of all your personal property items (Possessions) located in your home for a standard homeowners insurance policy. The Home Inventory Report should verify the existence of the personal property items at your home's location at a definite time.
Are there personal property items that could be unique and not insured pursuant to a standard homeowners insurance policy?
Collectables such as dolls, model trains, sports cards, comic books, stamps and coins
Fine art work
Furs and speciality appearal
Hearing aids and medical devices such as insulin pumps, hearing implants and even artificial eyes
Jewelry, silverware and gold items
Guns, hunting, sports and exercise equipment
Do Insurance Companies encourage Home Inventory Reports?
Yes, most insurance company encourage homeowners to document all their personal property items located in a home. Florida Home Inventory will work with any Insurance Company Agent to help their insured document their personal property items located in their home. Florida Home Inventory will work with your insurance company to create a home inventory report based on your insurance company requirements.
Can a Home Inventory Report can be used for other documents or agreements?
Wills, Trust & Estate Legal Documents. Including, Prenuptial and Divorce Agreements
Tax Filings, Financial Planning or Bankruptcy Documents
Verifing the condition of personal property items for a Moving or Transportantion Insurance Contractual Agreement
A House or Apartment Rental Agreement (where the rental is unfournish or furnished).
How can a person use a Home Inventory Report for a Will, Trust & Estate Legal Document or a Prenuptial or Divorce Agreements?
How can a homeowner use a Home Inventory Report for Taxes, Financial Planning or Asset Valuations for Loans?
A Home Inventory Report can provide a visual record of your personal property items for taxes as well as provide visual assistance in the valuation of those items.
How can a homeowner use a Home Inventory Report in moving or transporting personal property items?
Often, when a homeowner or renter moves, they will obtain moving or transportation insurance to insure their personal property items against damage or loss. The Home Inventory Report can provide a visual record of the existence and proof of the condition of the personal property items prior to the move or transportation for this insurance policy.
How can a Home Inventory Report be used in a furnished house or apartment rental agreement?
A landlord or a tenant can use the Home Inventory Report to provide a visual record documenting the condition of the personal property items (furnishings) in the home prior to the tenant taking possession of the home.
How does Florida Home Inventory perform an inventory report?
Are third-party certifications beneficial?
Yes, especially in situations where the homeowner in a dispute as to the existence, condition or ownership of the personal property items or unique personal property items. The Florida Home Inventory Company’s Report sets a time bench mark for the Home Owner’s record of ownership of the personal property items.
How long does it take to perform an Inventory?
Florida Home Inventory has developed a process that takes approximately two hours to record a 2000 square foot well-furnished home.
What kind of home inventory documentation does the home owner receive when the home inventory is completed?
We then provide the homeowner with a one-inch binder containing the Home Inventory Report on two Secure Digital Cards. We also provide a written certified and notarized statement of completion by the technician. We also include other valuable information useful for any natural and manmade disasters. Our binder includes 5 sections containing an emergency manual, a section to list important phone numbers, information on weather conditions from thunderstorms to hurricanes. We have also included a section containing local evacuation route maps as well as NOAA All Hazards Radio channels and coverage maps. All our information on storms and emergency procedures is provided by government agencies. We consolidate this information for the home owner.
Once the homeowner receives the Home Inventory Report’s Secure Digital Cards (SD Cards), what should they do with them?
Each SD Card contains a copy of the Home Inventory Report. The binder has attached and under seal one SD Card. We recommend the home owner keep this SD Card under seal and attached to the Binder. If you must evacuate your home you can take the entire binder with you. The second SD Card we recommend giving it to someone not located near you to store, preferably someone in another state. An out of state relative is a perfect person to keep your second SD Card. If all else, store it in a safe deposit box at a Bank as far away from your home as possible. Distance is important if a natural emergency threatens your area and home. You can reproduce yourself or request Florida Home Inventory to provide additional copies of SD Cards.
When should a person update their existing home inventory?
We recommend up dating your Home Inventory Report each time you move or make big adjustments to your personal property items. There really is no standard of expiration date for a report. We consider the report more of a bench mark in time. Local insurance professionals have recommended that it would be best to update at the most every 3 years and at the least every 5 years.
Does Florida Home Inventory Company keep a record of the Home Inventory Report?
No, Florida Home Inventory Company does not keep a record of the Report. The only copies of the Report are given to the home owner. Florida Home Inventory Company cannot reproduce the Report if the home owner loses both copies.
Is there any special training or certifications for your technicians?
Can the Home Owner request additional copies of the Home Inventory Report?
Yes, the home owner can request additional copies of the Report but must make the request prior to performing the recording of the Home Inventory. No home owner information is stored once the report has been delivered.
How long does it take to get a Home Inventory Report from the recording to issuing the binder?
What is the busiest time of the year for Florida Home Inventory Company?
So far, Florida Home Inventory Company has been busy all year. In the late spring, we often have many clients who are going back up north and request a Home Inventory Report prior to leaving. Since many residents are now full time Floridians, Florida Home Inventory Company is busier when named storms begin to appear in the Atlantic and Gulf. Currently we are staffed to handle most requests for Home Inventory Reports as soon as we receive them.
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