An inventory is especially important for insurance purposes. When you make an insurance claim for damaged, lost, or stolen property, your insurance policy will require you to show the quantity, description, and possibly the amount of loss associated with each item. You may also be asked to provide copies of bills, receipts, or other documentation to support your figures. If you omit or fail to include an adequate description of some items, you may receive less than full compensation for your losses. Relying solely on your memory can be an expensive mistake.
Some other uses of the digital recording process may be estate planning, wills, and the condition of property before a move.