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Catapult Garage Library Manager

Insurance is a gamble. The insurance company gambles that you won't need your insurance policy. You're gambling that you will need it. But one of your problems should you suffer a catastrophic loss, is that you won't be able to remember everything you've lost. And even if you can remember most of it, you'll need to furnish information on when you bought it, where you bought it, and what it cost. Model and serial numbers are often necessary to satisfy the insurance company, too. Pictures of the "stuff" are also great to have. This tool is to help you put together sufficient records for these purposes...in hopes you'll lose your gamble and never need any of it, of course.
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Personal Insurance Records

What happens if, for example, the house burns to the ground? A tornado or hurricane wipes it away. First, let's pray that it doesn't happen. Then, let's pray that if it does, neither you nor your loved ones are hurt. Lastly, let's consider what happens when the insurance people come to talk to you. The first question is, do you even have a list of the home's contents that were lost? If you do, the insurance company will next ask for a list of the "stuff"--all the contents--you lost showing what it was, when you procured it, where you procured it, and how much you paid for it. (A word of caution. NEVER say that anything was irreplaceable because that lets the insurance company off the hook if they're of such a mindset as to save themselves some money at your expense.)

You can use this tool to compile a listing, with pictures, of the contents of your home. (Also see the Library Manager tool.) Be sure you make extra pictures of the house, both inside and out, showing the "stuff" inside the house and the house itself. Include pictures of the landscaping and ALL improvements.

Some states still have depreciated-value insurance...YOU MUST check to be sure your insurance covers 100% replacement costs. Don't trust that the agent did it for you. It won't be your agent getting the $100 for the $1,000 TV. (Full-replacement coverage won't cost you much more than the depreciated-values coverage so be sure you have it.) And while you're at it, check to be sure that your contents coverage would pay for what you have. If you have such things as jewelry, cameras, guns, stamp collections, etc., you may need to add a rider to cover this kind of thing...don't trust to chance. Ask and try to get the response in writing, even if it's an email.

Scan your homeowner's policy to disk--the entire thing plus any changes, riders, etc.

Having said all this, it's not enough simply to make such a detailed list, photos, etc. Put the data on a disk (or three) along with the pictures and the insurance policy you scanned. Then--and this is a "duh!" thing but people often fail to do it and that can nullify all your efforts--take the disk(s) and put them somewhere far away from your home.

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