Taking Stock of Your Life
Don't worry, this article is not about justifying your existence! By "taking stock of your life," I quite literally mean making an inventory of your worldly goods, something I've been meaning to do for years for insurance purposes.
Living just two blocks from the Hayward Fault in Berkeley, and being subjected to ever-more strident headlines about how we are due for the next "big one" any moment now, insurance and earthquake preparedness are hot topics among my neighbors.
One has only to look at Hurricane Katrina, umpteen California brush fires (including the big Oakland Hills fire less than two miles from me), and various other floods, tornados and tsunamis to recognize the importance of a good home inventory and disaster plan. If a fire wiped out your home today, would you be able to remember everything in it and document ownership with receipts? Even if you have great insurance, it will be worthless without being able to prove your losses.
So how to get started? Creating an inventory for an entire house is a daunting task, especially if you have been living in it for many years. That's the main reason it's been on my To-Do list for nearly 10 years now. Searching the Web for inspiration, I found a great site created by the Insurance Information Institute that not only tells you exactly what to do, but provides the free software to do it, for both PCs and Macs.
Here's how it works: First, you set up the outline your home by naming all the rooms, including the basement, garage and attic. Then you go room by room adding items to the inventory. The software has spaces for importing pictures and receipts for each item, or you can store these separately.
The Institute also recommends taking a video inventory. By simply going around each room opening drawers and cabinets and zooming in on each object, you can create an quick inventory without having to itemize a thing. While you'll still need to document purchase prices and values in the event of a loss, the video will at least remind you of what was there, and provide some proof that you owned it.
I plan to do the video inventory first, and then tackle the digital photos and software-based inventory room by room. VideoWave and PhotoSuite are perfect for editing the video and organizing the photos for this task, and once completed, I will store the inventory, video and photos on a DVD in my safe deposit box.
There, I feel better just having a plan! What's yours?