Most homeowners know it’s smart to compile a list of possessions in case disaster strikes but few of us actually do so. One expert says even the homeowners who do compile inventories often make mistakes, including writing out the inventory. It’s impossible to list every gadget, keepsake and houseware. Instead, slowly tour your home with a video camera doing a verbal commentary about possessions as they’re being filmed, noting approximate amounts paid.
Don’t forget to open doors, drawers and boxes. Things stowed away in your home’s closets, cupboards, dressers and other parts of the house can be worth thousands in replacement value.
Storage of the completed inventory. A disaster that destroys a home could also destroy the inventory stored there, too, so keep a copy in a safe deposit box or the home of a relative. A digital recording could be uploaded to one of the many free online storage websites. Or, you could email the video to yourself and simply save it there.
Update the inventory. The expert on these matters suggests you make a new video every year or two so they include your latest acquisitions.