Keeping a thorough checklist can help you document all your belongings. The Insurance Information Institute (III) recommends that your checklist includes relevant information, including:

The type of item.
The original price of each item (including the receipt, if possible).
The year each item was purchased it.
Each serial number, in addition to any other pertinent information.

When it comes to your clothes, compile the number of items you own by type, such as shoes and pants, says the III. Also, write down the make, model and serial number of appliances and electronic equipment.

Once you finalize your inventory, store it in a safe place, such as a safe deposit box, a trusted friend or family member, or on an external hard drive. Finally, remember to update your list whenever you make a big purchase.