Inventorying the Damage
Personal property should be carefully inventoried for insurance, according to the Federal Emergency Management Agency and the Small Business Administrations. Include the following in the inventory listing:
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How and when was the property acquired?, If purchased, what was the cost?, If inherited, what was the value at date of decedent’s death?
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Property value before and after the casualty.
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Cost to replace the property (for insurance purposes).
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Estimate of repair cost.
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Separate appraisals are needed for scheduled property (jewelry, artwork, antiques, etc.)