This can help with proof of ownership and provide backup if questions come up regarding the value or condition of your items before disaster hits. (freewayinsurance.com)
This helps to document that you own the item, and helps to show the current condition of the item. (rentersinsurance.net)
Most policies written today use Full Replacement Value coverage which will pay for full replacement costs up to the limits of the policy, but some insurers still write policies for Actual Cash Value, which only pays you a depreciated amount for the losses based on the age and condition of the items involved. (usinsuranceagents.com)