helps you to organize and categorize your possessions. This gives you an estimated value of all your stuff and helps you to get the right amount of insurance.
The summary gives you the total value of your items, and guides you to the right insurance plan for all your belongings.
Create pdf reports of all your items and keep it in a safe location, or an incident report if you have an accident.
Use Dropbox to create a secure backup of your data, or use iTunes to save a local copy on your computer.