How to fulfill the inventory goal

Many people assume that just the big items are photographed and placed on the written report when documenting their personal property. Unfortunately, this is why many don't create the documentation - they feel they can remember everything.

But it's more than just the large, expensive items you'll need to know if you file an insurance claim. Do you know how many socks, shoes, CDs, DVDs, linens and dishes you own? You will need to if you want to receive a maximized claim.

That said, I'm assuming you've added an inventory to your new year's resolutions (as suggested in my blog yesterday), and here's how to capture the 'little' things. Open every drawer, cupboard and closet. Take photos of the items each contain.

Why? One insurance company has a standard of $125 for a junk drawer. Do you know the value of yours? If yours contains a camera or two, a roll of stamps, calculator and iPod, you'll easily exceed that amount. One insurance agent added his up and found he had a $500+ junk drawer! That means he would have not recovered $375 just because he didn't know what he had.

Now, will you add an inventory to your new year's resolutions? Please?