You never know when a disaster may strike – but you can be prepared with a home inventory.
Know Your Stuff® is the Insurance Information Institute’s online home inventory software. This application makes creating and updating your home inventory easy. With the free, secure online storage you will have access to your inventory anywhere, any time.
“Don’t wait until after a disaster to think about a home inventory,” said Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I. “Put aside a little time now to document all of your personal belongings. It will cost nothing but a little time to do, but without an up-to-date home inventory you risk not spending your insurance dollars wisely—and nobody wants to waste money.”
- Help you purchase the right amount and type of insurance. Having an accurate list of all your possessions allows you to have a more productive conversation with your insurance agent or company representative when making decisions about homeowners or renters insurance coverage. After all, if you don’t know what you have, how can you insure it adequately?
- Make filing a claim as simple as possible. Most people do not remember what they had for breakfast much less trying to recall the contents of their attic, kitchen cabinets or downstairs closet after a fire, storm or other catastrophe. Disasters are scary and stressful, which can make trying to list damaged property for a claims form even more challenging.
- Substantiating financial losses for tax purposes or when applying for financial assistance. Following a catastrophe, the only way to determine whether you may qualify for a tax break or disaster assistance is to substantiate your financial losses. A well organized home inventory can be an extremely useful tool in this process.