HomeZada Launches Home Inventory Video Recognition AI

HomeZada has launched a home inventory video recognition AI set of features within its digital home management platform. The inventory video recognition speeds up the process of creating a home inventory for insurance purposes.

HomeZada’s platform enables homeowners to use the mobile app to record and upload videos of each room and the exterior spaces of their property. The videos are then processed through video recognition AI to automatically detect the inventory items and present the results. The homeowner makes final confirmation of the inventory items and updates their list of items for that space.

“Most homeowners do not have a home inventory and thus are probably under-insured and at significant risk of not being properly reimbursed if disaster strikes. Unfortunately, we have witnessed a number of large-scale disasters recently such as wildfires, hurricanes, floods, etc. where people lose their homes, so we are excited to provide this inventory video recognition technology to solve these problems for homeowners.” – Cofounder of HomeZada, Elizabeth Dodson.

HomeZada’s inventory recognition AI detects both personal property objects such as furniture, electronics, collectibles and decorative items in the home as well as fixed asset items such as appliances, fixtures, equipment and building materials. This is important because a home insurance policy has both a personal property amount of coverage, and a separate dwelling coverage to rebuild the home if necessary.

HomeZada’s home inventory app provides consumers with different methods of creating a home inventory. Some people want a high level of accuracy, so the platform supports itemizing your inventory and taking individual photos of each inventory item in the home. The latest version is for consumers who prefer speed in the process by quickly taking 10 to 15 videos of each room in the home and processing that through the new inventory video recognition technology.