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

Type of flexible spending account. ...

Coverage under which the face value, premiums, and plan of insurance can be changed at the discretion of the policy owner in the following manner, without additional policies being issued: ...

Coverage for numerous perils such as that found in the broad form personal theft insurance. ...

Component of necessary coverage determined by the "needs approach" to life insurance for a family. It is intended to cover last-minute expenses as well as those that surface after the death ...

Payment to an insurance agent in addition to commissions. Expense allowances, that differ from company to company, vary with the amount of business agents place with that company and the ...

Table that replaced the standard annuity table, 1937. It reflected the fact that more people were living longer in its statistics. This table was subsequently replaced by the individual ...

Requirement that the combination of medicare and the employer's plan can not be greater than the amount the employer's plan would pay without Medicare. ...

Coverage on real property written to have no time limit. A single deposit premium pays for insurance for the life of the risk. The insurer earns enough investment income on the deposit to ...

Payments from an employee's employee benefit insurance plan that can be rolled over to an individual retirement account (IRA) or to another plan maintained by the employer that accepts ...

Popular Insurance Questions