Fire strikes and you lose everything. Would you be able to remember every possession that you have accumulated over the years? By having an up to date home inventory you will be able to settle your insurance claim faster, help you purchase the right amount of insurance coverage and also help verify losses for your income tax return.
Start today. A home inventory can seem like a daunting task especially if you are doing one for the first time however it is actually relatively simple. Start with your most recent purchases and then back track on your older possessions.
Take a picture, videotape it, save receipts and even better use this free web-based home inventory software, Know Your Stuff, to help create a room by room record of your belongings. Regardless of how you do it (written list, photos, Know Your Stuff, etc..) keep a record of your inventory and store it someplace other than your home. When you make a new significant purchase, add the information to your inventory while it is fresh in your mind.