Landlords use inventory reports to protect their asset…
Who uses inventory reports? Well most landlords will use an inventory as a form of protection for their asset and they will in most cases get one produced by an inventory clerk prior to the tenant moving, clearly stated and providing a written record of the property.
Property developers use inventory snagging reports…
There are also major construction companies who use inventory clerk services. Because inventory companies offer a service called ‘snagging’ which fully inspects the newly built property before anyone buys the home and moves in. It is often worthwhile for property developers to have a professional inventory clerk produce a snagging list report. The snagging report highlights all the problems and issues with the property which can then be rectified by the builder prior to buyers moving into their new homes. Statistics indicate that a new home has on average over 120 problems with it. Most inventory companies can conduct snagging reports with ease and will often offer discounts for developers with multiple property units.
Home owners can use inventory reports for insurance purposes…
Home owners will find a inventory report useful in situations where they have to claim for losses from an insurance company in the unfortunate circumstances where their home has been burgled, ends up in a fire or being flooded, then you will obviously need to claim back on all your lost or damaged possessions. Insurance companies will want to avoid paying out to much unless you can provide appropriate evidence.
By having a professional inventory with photos combined with receipts, means you can significantly reduce the time taken by the insurer in settling your claim and compensating you for your losses. Getting a professional inventory produced and keeping it in a safe place can provide peace of mind, security and protection knowing that your are prepared for these sorts of incidents.
Although you may consider producing an inventory report yourself to save money, in the long term having a one compiled by an independent professional inventory clerk will mean that it is comprehensive and usually holds more weight with insurance companies becuase they can be confident of its accuracy and independence. So, it really can be money well spent and we’re certain you won’t regret it, should you have to use it.
Contact our inventory clerks at the Property Inventory Company who can assist with your inventory and snagging report requirements.