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New App Alert: Creating a Home Inventory Helps You Secure Your Stuff

By March 15, 2012 April 15th, 2018 General Updates

If you’ve never created a home inventory, this app’s for you. With the new app from the Insurance Information Institute called “Know Your Stuff,” itemizing your valuables is easier than ever and will help you substantiate the value of the contents throughout your home using photos, receipts and other documentation.

So now the question you may be asking yourself is, “Why should I waste my time creating a home inventory?”


Creating a home inventory will not take you much time using this insurance app, and it could help to expedite the process of replacing your personal belongings should you suffer damage from severe weather. Also, unlike paperwork that could be lost or ruined, data saved with this app will be stored online for free and can be accessed at any time. This app from I.I.I. is available for iOS, or through the website

According to the National Association of Insurance Commissioners (NAIC), “more than half of Americans don’t have a home inventory of their possessions, putting them at risk for inadequate home insurance coverage,” should severe weather strike. Conducting a home inventory will help you determine the worth of your valuables, and if you are adequately insured through your Homeowners or Renters Insurance Policy to replace those items. Expensive items like jewelry, furs, silverware, antiques, collectibles and fine arts are covered, but coverage is very limited. To insure these items to their full value, you may want to obtain a Personal Articles Floater and insure each item for it’s appraised value.

When conducting your home inventory, NAIC advises to pay specific attention to the following areas:

  • Electronics – The standard $1,000 policy limit on electronics may not be sufficient to replace multiple computers, entertainment systems, MP3 players and tablets. Additionally, many homeowners’ policies do not cover items, such as laptops and televisions, stolen from a dorm room. Families with children living on or off campus should consider Renter’s Insurance.
  • Jewelry – Most policies limit coverage for jewelry to $500, which typically is insufficient to replace a favorite pair of diamond earrings, a wedding ring or expensive family jewelry passed down from generation to generation.
  • Fashion – Considering the amount of laundry in the hamper each week, many parents realize the volume of clothing in the household is significant. Replacing clothes, shoes, handbags and accessories for today’s fashion-conscious family can add up.
  • Home Goods – Kitchen appliances, workshop tools and sporting equipment also should be included when creating a home inventory.

(Source: NAIC)

Did you know that Mackoul & Associates, Inc can offer you comprehensive Homeowners Insurance coverage through a selection of the finest insurance companies? Always know that we are here to answer any of your insurance questions. Feel free to contact us by phone at (866) 622-5685 or on our website at Have a great day!

*Don’t forget to enter our contest where you could win Tiffany & Co. Stemware.

This contest is not endorsed or sponsored by Tiffany’s and ends on March 29th, 2012.