The Need to Inventory

October 23, 2009 | Jim Fini

If you ask the average person walking down the street whether they know what’s in their home, chances are they’ll say, “sure.” But take that same person after experiencing a house fire, flood, or other loss and they will be hard pressed to list out even half of what they actually own. It’s just human nature. We acquire a lot, pay attention to some, and forget about the rest. I’m in the same boat as everybody else. That’s why my advice is to periodically make some record of what you have, room-by-room. My wife and I do this every spring along with our annual cleanup. A pad, a digital camera and a lot of patience are what you need to get the project completed. You then want to take this record and keep it somewhere safe. Hopefully you’ll never experience a property loss, but if you do, you’ll be happy you made the effort to document your valuables.