Documenting the contents of a residence is the foundation of this industry, and in essence, where home inventory all began. Through the years, the need for additional inventory services has grown. Asset inventory business owners report that their growth into other areas was mainly due to someone requesting additional services. For example, business inventories, boat inventories, post-loss inventories, estate inventories, and structural inventories are a few of the additional reasons people now hire home (now often called “personal property”) inventory professionals.
This course, Residential Contents Inventory, presented in an online, self-paced format, is designed to provide a general understanding of homeowners insurance to enable you to properly recommend when a homeowner might want to consider discussing coverage with their agent. You will be introduced to a variety of inventory process options so you, the inventory service provider, can select and develop a professional service of your own. Additionally, this course material reinforces best practices, which support the National Inventory Certification Association Code of Ethics.
There are various reasons for which homeowners and renters will request a professional home inventory service. A proactive inventory is designed to create the tools necessary to help the homeowner or renter rebuild their lives and replace their assets after a fire, flood, theft, or natural disaster. When the need to file a claim arises, the record of belongings that you created for your client prior to this catastrophe will be extremely beneficial as they work towards financial recovery. Helping them file an accurate claim (thereby maximizing your client’s opportunity to be reimbursed for those possessions lost or no longer usable), plays a large part in this endeavor.
In addition to disaster preparedness, there are many other life events which require a thorough and up to date document of one’s personal property. The most common include estate settlement, separation of assets/divorce, pre-nuptial agreements, and financial planning. You will be introduced to each specific type of contents inventory and the slight differences they might require in the type of information you collect.
Upon successful completion of this course, you will be awarded 3 CEUs.