Generally speaking, when you need an inventory of your personal belongings, it is too late to make one. Sure, you can reconstruct it but undoubtedly, you’ll forget things and that can cost you money when filing your insurance claim.
Most homeowner’s policies have a certain amount of coverage for personal items that can be 40-60% of the value of the home.
Homeowners who have a loss are usually asked by the insurance company for proof of purchase which can come in the form of a receipt or current inventory of their personal belongings.
The most organized people might find it difficult, if not impossible, to find receipts for the valuable things in their home. Think about when you’re rummaging around a drawer or closet looking for something else…