I was watching Fox Business News yesterday and one of the segments featured an interview with a lady from the Insurance Information Institute (www.iii.org). They were talking about the fires going on out in California and what people should do to help prepare themselves should they lose everything. One of the things the lady suggested was to use Know Your Stuff, which is a program that users can download FREE of charge. The program is designed to help users keep track of their belongings.
I think this is a great idea. Another great idea is to go through your house inch-by-inch with a video camera. The video can be used as a reminder of what exactly you had should you ever lose anything in a fire or some other disaster. Just be sure that you keep a copy of the video in your personal safe or safe deposit box.
Finally, one other thing the lady from III suggested was making sure your insurance is updated when you make a large purchase. Yes, it will mean an increase in your premium, but it will also mean that you’re covered.