If a disaster strikes, the last thing you want to worry about is sitting down and trying to create a list of all of your property. Creating a home inventory beforehand can save you a tremendous amount of stress, help you determine the correct amount of insurance to carry, and will help to get a claim settled faster.
It can appear to be a daunting task, documenting everything you own, but there are several tools out there that can ease the process. Some choose to write everything down in a notebook, room by room. Other options include taking photos or videotaping your property. If you choose any of these methods, just be sure to store the list somewhere other than your home. Another option is to download the free home inventory software at www.KnowYourStuff.org.
Always be sure to remember to update your home inventory from time to time, especially if you make a significant purchase. Certain items such as collections, jewelry, and artwork may need to be insured separately, so have your home inventory handy when discussing your insurance needs with your agent.