Your property insurance policy does not require that you have a home inventory, except in the event of a loss-at claim time.
After you have suffered a fire, tornado, or whatever the claim, it may be difficult to recall what was in your bottom dresser drawer, packed in the storage room, hanging on the wall or the back of your closet.
“Know Your Stuff” is a tool available via free download from the Insurance Information Institute. This program allows you to enter items by room, upload photos or scan receipts. Items can be sorted by price, date of purchase or type (Jewelry, appliances, etc.); you can even customize your own categories.
Once completed or updated, the “Know Your Stuff” report also can be printed, saved on a computer, emailed (to your insurance agent) or burned on a CD.
The website is www.knowyourstuff.org.