Definition of "Household inventory"

Sue Medlin Smith real estate agent

Written by

Sue Medlin Smithelite badge icon

Southern Coastal Realty

List and description of valuables, to be utilized in the event an insurance claim must be filed. Included should be: a detailed explanation of possessions that are of special value, such as a piano or violin; appraisals on expensive items such as jewelry, art, furs, and antiques; make and model numbers of electronic equipment and appliances. A photograph and/or videotape should be taken of the important items in the home showing their condition and quality.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Clause in a disability income insurance policy that will adjust the amount of the monthly income payment upwards according to a stipulated annual percentage for a given number of ...

act that prohibits employers from requiring employees to retire at age 70. Also, the act prohibits EMPLOYEE BENEFIT PLANS from discriminating against employees in the 40 to 70 age group ...

Joint profit sharing and money purchase plan that is appropriate for businesses that desire the funding flexibility of the profit sharing plan and the higher tax-deductible (25% vs. 15%) ...

Sanction or affirmation by an insurance company of acts of its agents that become the acts of the company, with all the legal obligations these acts entail. ...

Requirement that the insured must have stayed in a hospital or other health care facility for at least a specified period of time before being entitled to receive insurance benefits. This ...

Clause in an insurance policy that provides for the payment of a monetary sum to the individual (s) who incurred the loss. ...

Law, in several states, establishing a fund to guarantee benefits under policies issued by insurance companies that become insolvent. ...

Maritime acts resulting in a liability circumstance falling under common law and statutory law. ...

Same as term Cost-Of-Living Adjustment: automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first ...

Popular Insurance Questions