For the record - 1995 money guide

If an individual's home burns or is burglarized, proof of ownership will need to be filed with the insurance claim. In order to prepare for such a situation, receipts for all important purchases should be kept together off-premises. Once every few years all furniture, appliances and electronic...

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Bibliographic Details
Published in:Forbes 1995-06, Vol.155 (13), p.222
Main Author: Kichen, Steve
Format: Magazinearticle
Language:English
Subjects:
Advantages
Documentation
Homeowners insurance
Insurance policies
Inventory
Manycompanies
Manyproducts
Personal computers
Property & casualty insurance
Software
Software packages
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Summary:If an individual's home burns or is burglarized, proof of ownership will need to be filed with the insurance claim. In order to prepare for such a situation, receipts for all important purchases should be kept together off-premises. Once every few years all furniture, appliances and electronic gear should be photographed and kept with the receipts. For $20 to $60 one can get a personal inventory program, either as part of a personal finance package like Quicken or as a stand-alone program. Intuit Co.'s Quicken Delux organizes inventory by room. Items can be linked to specific insurance policies, and the software then tells if a policy is big enough to cover replacement costs. Meca Software's Managing Your Money integrates the value of belongings into net worth calculations. It gives more flexibility in depreciation schedules. Parson's Technology has a 4-megabyte Personal Home Inventory program. It lets one integrate computerized images of possessions into the database. A scanner or digitally developed film is needed to take advantage of this feature. Several additional products are discussed.
ISSN:0015-6914
2609-1445