Documenting your personal property (or worldly possessions) is a smart thing to do in case of burglary, fire or natural disaster (or if your oven blows up and the manufacturer wants the serial # but the oven is full of glass-but that’s a different story)
If a big disaster should befall you or your family; a home inventory would be either really great to have or really great to have done. For those that only wish they had one; it’s not that taking a home inventory is difficult but yes, it can be time-consuming. Many of us don’t get as far as doing a home inventory but think about it a lot, which is unfortunately, not quite as impressive as actually handing an inventory to your insurance agent or your broker should a claim arise.
Walking around your home and videotaping can be very helpful and certainly quicker than writing it all down, but it’s best to also include serial number and $ values and that’s not quite as easy with a video.
There are a couple of good inventory tools online that can help you out for free or otherwise. Most offer the ability to capture your items by room and category and document purchase dates/prices/places, serial numbers while also allowing you to attach pictures and receipts. Information can be accessed and updated any time from anywhere or saved off-line to Excel or PDF, That means you can save that document inside LegacyTracker.
However, we have also added personal property as an easy to use template inside LegacyTracker to document your worldly possessions with a photo and the following important info:
- Appraisal dates
- Appraisal values
- Intended beneficiary (this might be subject to what your formal Will might say but often times a will document does not get into the detail of your china and antique clock)
For your reference, here are 2 Online Inventory tools that I have found that are easy to use and pretty comprehensive
Know Your Stuff® – Home Inventory has been around for a number of years thanks to the Insurance Information Institute. This is a free offering that is now also available as an iPhone and Android App.
StuffSafe has been around since about 2011. I’m not quite as familiar with this offering but it does appear a little easier to use with drag and drop options for your photos. The Premium plan allows multiple properties to be inventoried in your one account. StuffSafe is available as an IPhone App. & the cost is $29 per year with a 15 day Free Trial period.
Recovering from an emergency situation is always made easier when you have information at hand. That’s why we’ve built LegacyTracker to be a comprehensive solution that also includes information on your personal property.
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