A video of the home serves as a visual inventory list for insurance and tax purposes. If the home or possessions are destroyed due to a fire or other disaster, the video preserves the specifics of the homeowner's possessions.
Remembering all the specific possessions in a home is nearly impossible once they are gone. Whether due to a fire, burglary, tornado or other disaster, having an accurate inventory is important when filing an insurance claim or writing off the loss on taxes.
A written list gives the homeowner the basics of her possessions. A video provides visual proof of ownership of specific items. Anyone can write down a list of items, but seeing the actual items in the home on video is evidence that the items actually existed. The video shows the condition and quality of items instead of just listing the name of the items on a piece of paper.
A video is often easier and faster than taking photos of every room and all possessions. The homeowner can slowly walk through the house and scan around the room with the video camera to capture the images. Saving the video to a cloud storage system ensures it stays safe in the case of a disaster.