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A home inventory is crucial for tracking everything you own for insurance purposes, as it helps you prove ownership when filing a claim. To create an effective inventory, use your smartphone to record a walkthrough of your home, capturing each room and its contents. Narrate the video by mentioning brand names, model numbers, purchase locations, and prices to aid memory later. Be thorough and check every drawer, cupboard, and closet, including items in the garage. Once completed, upload the video and any accompanying photos or documents to the cloud for safekeeping in case your phone is lost or damaged.