Taking the time to list all of the contents in your home can seem like a very daunting process. But the Insurance Information Institute has now streamlined the process for creating a home inventory list by allowing consumers to download a FREE copy of the "Know Your Stuff" software by visiting www.knowyourstuf.org. The software is very user friendly, only takes a few minutes to download, and all the information entered will be saved on your local hard drive.

Using the software is easy, as you will be prompted to provide specific information for the initial setup. Once the setup is complete, create a name for each room in your home-kitchen, living room, family room, master bedroom-and begin adding items. Adding items to your inventory is simple; a drop down list is available with the most common household items as well as the specific information required by insurance companies should a claim need to be filed. Want to add a picture or a receipt for a large ticket item? No problem, just upload the image. The software also has a category for donating items. Whether this is done while preparing the home inventory or in the future, just enter the item you wish to donate, print the list, and provide the list to your tax accountant at tax time.

Once you have completed your home inventory, be sure to have your insurance agent review your home inventory list to insure your current policy has sufficient coverage. It is also important to save a copy of your home inventory on a CD and store the CD in a fireproof safe, a safe deposit box, or at a friend's or family member's house.

While you're cleaning and de-cluttering your house this spring, take the time to inventory your items. Having a detailed list of the contents of your home available may expedite the processing of your claim, if you're ever faced with the unfortunate situation of filing an insurance claim. Additionally, when shopping for insurance, having an inventory list available for your insurance agent will ensure your policy provides adequate coverage for your valuable possessions.