My Household Inventory
Why You Should Create A Household Inventory
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Having a household inventory can help:
- Verify losses for tax purposes. To learn more, see Tax.
- Help you accurately calculate your Net Worth.
- Figure out how much you could get if you sold any of your possessions.
- Help you decide to whom you wish to leave what you own.
- Make things easier for your Personal Representative/Executor and heirs if you die.
- Determine how much insurance you need to protect against loss. To learn more, see Homeowners Insurance.
- Support an insurance claim and speed up your reimbursement.
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