MetLife Home Personal Property Inventory Worksheet
Why a Personal Property Inventory?
If your home were destroyed, or a theft occurred, could you compile a complete list of your personal property from memory? Most people couldn’t, but that’s something you’d be asked to do at the time you filed a claim. This booklet is designed to assist you in listing your personal assets and calculating their approximate replacement value.
We know that putting a dollar value on possessions you’ve accumulated over many years is difficult and that only you can decide the extent of your insurance needs. However, if the unthinkable happened, would you have enough coverage for everything?
Your Personal Property Inventory serves two important functions:
• as a valuable record of your possessions.
• as a way for you to judge the adequacy of your present coverage.
After you complete the inventory, you may find that you have property that requires a professional appraisal to determine the appropriate value. Appraisals are especially useful for expensive or unique items such as furs, jewelry, art, and silver. The appraisal can also serve as a record of
the description of your property. Once the appraisal has been completed, you should then determine whether your insurance coverage is adequate or
if you need to increase or add coverage for certain items. The appraisal is also useful as a means to verify replacement value in the event you need to place a claim. Once completed, the appraisal and Personal Property Inventory should be stored somewhere safe, preferably away from your home. Then if the worst happened, they would be available at the time you reported a loss.
Please take the time to fill out this helpful record of the valuables you’ve collected along the way. If you have any questions or need to make changes to your coverages, contact The Compass Insurance Group at 207-790-2300.
Coming very soon to this page will be many comprehensive tools and calculators to help you make the best decision possible about your Insurance protection. We want to provide you all the resources we can to educate you on the needs and rewards of Insurance coverage. We want you to understand your policy and know the benefits and features of it. We want you to feel comfortable with your choice and to rest easy understanding what it will provide.
We look forward to serving your needs and protecting your dreams.