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MissouriFamilies.org - Money Matters - Consumer Action

 

Quick Answers...Housing

 

 

Do I need to know what belongings I have in my house?


Try this test. Sit in your kitchen and make a list of everything in your living room. No peeking! Now check on how many items you missed.


No one really expects to lose furniture or other belongings in a fire, burglary, or tornado, but such events do occur. If disaster struck you home, would you be able to report exactly what you lost to the police, to the IRS, or to your insurance company?
 

An up-to-date inventory of your household furnishings and personal belongings can help you to:

 

  • identify exactly what was lost
     
  • establish the purchase dates and cost of major items
     
  • help to determine the value of your belongings and your personal insurance needs
     

Contact your University Extension Center or your local insurance agent for more information about personal property inventories.
 

 


 

Written by Sandra McKinnon and Cynthia E. Crawford, Ph.D., Family Financial Education Specialists, University of Missouri-Extension

 

Last update: Sunday, April 23, 2006

 

 

 

 

 

 

 

 

 

 

 


 
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