![]() ![]() The solution is amazing because it not only helps with organization, but also offers insurance coverage for extra protection and convenience.The solution is so good that the customer will feel relieved and secure after using it.Our platform solves the addressed problem by providing a digital solution that helps customers keep track of their belongings in one place.We believe that our solution will revolutionize the way people manage their belongings, making it easier, safer, and more efficient. Once the user has catalogued their items, they can easily request a quote for insurance coverage directly from our platform, giving them peace of mind and protection. What sets our solution apart from competition is our integration with insurance companies. Our inventory management system also allows users to keep track of the value and depreciation of each item over time, providing transparency and security in the case of a disaster or loss. They can upload pictures, receipts, or any documents that prove ownership and value, and the platform will automatically categorize the items based on type and location. ![]() Our digital platform allows users to catalogue and organize their items in a user-friendly interface. Our Home Inventory Shop will provide a unique solution to the common problem of keeping track of personal belongings. Many people underestimate the importance of home inventories, and as a result, not a lot of research and development goes towards inventory items. Besides, contemporary solutions often involve high barriers to entry due to technical and institutional difficulties. Home inventory issues continue to exist since inventory services are costly to implement and not marketed as easily available. While some insurance policies may offer reimbursement for damaged or burnt items without requiring a physical inventory, they often issue compensation through general lump sums or caps that may not cover the real value of the possessions. Most of these solutions are expensive and technically complicated, requiring users to invest a lot of time and effort to create and maintain the inventory system continuously. Current SolutionĬurrently, individuals and small businesses rely on home inventory software or manual inventory sheets to keep track of substantial purchases. The need for an efficient and affordable inventory system is more relevant than ever. In the United States, the National Fire Protection Association (NFPA) estimates that fires in residential buildings result in over 2,500 deaths, 12,600 injuries, and $7.3 billion in damage annually. Homeowners, renters, and even facilities management companies face the same issue. The lack of proper home inventory solutions is not limited to Sarah's case alone. She found this process to be emotionally and financially draining, and it took her longer to get back to her feet. She had no accurate record of the value of her items and had to rely on estimates from contractors and receipts for major purchases. While she was insured, the process of determining the value of her lost possessions was an additional burden that took almost four months to complete. Despite the rise of e-commerce and the availability of online marketplaces, buying and maintaining an itemized inventory of personal possessions remain a tedious and inefficient process.įor instance, Sarah, a single mother of two, lost her home to a fire last year. It does not store any personal data.The problem we have identified is the lack of affordable and accessible home inventory solutions for individuals and families. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ![]()
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