It's important for you to keep an inventory of your belongings.  This day in age, we all just have a lot of 'stuff' ranging from mp3 players to flat panel televisions.  And maintaining an inventory of all your stuff might prove very valuable if ever you have a homeowners' claim.

Simplify the process!  Sure, creating a catalog of everything you own could take forever.  Thankfully, the Insurance Information Institute has put together an online tool that will make it a breeze!

The Know Your Stuff tool helps you enter items by room and upload photos or scanned receipts. Once the information is in the system, items can be sorted by price, date of purchase or type (silverware, major appliances, etc.). You can even customize your own categories.

Once completed or updated, the Know Your Stuff report also can be printed, saved on a computer, e-mailed or burned on a CD.

The site has an informative video about the Know Your Stuff tool, giving you a quick look at the process and the importance of doing a home inventory!