Question

It is a good idea to list all of your personal assets, estimate the market value of each item, and then film the contents of your house with a video camera to be able to show proof of their existence. t/f

Answer 1

It is not necessary to film the contents of your house to prove the existence of personal assets. Listing personal assets and estimating their market value can be useful, but capturing them on video does not provide any additional proof.

Step-by-step explanation:

False

While it can be useful to create an inventory of personal assets for insurance purposes, it is not necessary to film the contents of your house to prove their existence. Listing personal assets and estimating their market value can help in determining their worth, but capturing them on video does not provide any additional proof. Additionally, it is important to note that the value of assets can fluctuate over time, so regularly updating the list is recommended.