Why do I Need an Inventory?
Be Prepared for the Unforeseen.
You are vacationing in Italy, enjoying the countryside, all the great wine and food. You fly home, exhausted by your 12-hour voyage, looking forward to sleeping in your own bed. You open the door to your home to disaster! A burglary! You have no idea what is missing and, worst of all, the burglars completely tore the house apart in their search for valuables...
A fire, earthquake or mudslide can whisk away a home and a
lifetime of memories in a heartbeat. Statistics show that during an emergency you will likely only recall 40-60% of your personal property. But there are other vital and practical reasons for having an inventory:
  • Estate Planning
  • Sudden death or illness
  • Burglary or vandalism
  • Cataloging art, antiques and collectibles
  • Determining appropriate insurance coverage
  • Legal disputes (divorce, ownership, etc.)
  • Moving



With the devastation of Katrina and Rita
still fresh in our minds, it is wise to consider that personal financial planning must include more than fund performance, retirement benefits or life insurance.
Financial Planning for Disaster
Rodney M. Loesch, Kansas City Star (Oct 2, 2005)
www.kansascity.com/...

Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance.
Insurance Information Institute
www.iii.org