This program also stores contractor information and information on real estate agents, lenders and can even help you calculate cost basis for income tax and real estate sales. Other modules include home improvement tracking, home and seasonal to-do lists. The home inventory module lets you input critical details and photographs of all your belongings, including electronics, seasonal gear, jewelry and appliances. The Complete Home Journal is about the most complete inventory product for the hardcore record keeper. More information is available from the manucturers’ site. We especially like this feature: It’s a truly free product with no in-app purchases required and no annoying pop-up ads. Entries are automatically stored in the Cloud, safe from any possible harm to your property. Once you have it installed on your iOS or Android device, it’s a snap to use: Open the app, point the camera, click, and make a few annotations on the property and you are done. Its advantages are its cost (it’s free!), ease of use, and its seamless integration with major carrier websites. The KnowYourStuff app is the official home inventory application of the Insurance Information Institute. Here are some of the best and most popular apps. Today’s online and mobile applications make it very easy to document your possessions for all of the above situations. You can even use your inventory as a moving checklist and packing aid.Īnd if you do have a claim for a casualty loss not covered by insurance, your inventory will make it much easier to deduct those losses against your income on your tax return. Even if you never file a homeowner’s or renter’s insurance claim, your inventory can come in very handy when you prepare your last will and testament, when your children or heirs must settle your estate, and even determining an appropriate amount of insurance to carry in the first place. Having a detailed inventory of all your valuable possessions in your home can come in handy in many ways. Among the key documents: A detailed home inventory – that is, an itemized list of everything of value in your home, proof of ownership, and an estimate of its insurable value.įor many years, homeowners have either neglected the home inventory altogether, or created a paper or spreadsheet inventory, which was hopefully stored offsite – so that it cannot be destroyed in the same event that destroyed or damaged the home and contents.įortunately, we now have a number of tools that make generating and updating a home inventory for homeowner’s or renter’s insurance purposes – which you can download right to your mobile device. But if you do, a bit of preparation will make it much easier for you to document your claim and get your settlement much faster. Hopefully, you never have to file a home insurance claim.
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