A current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property. Consider updating your home inventory each spring and advise your insurance broker at Acumen Insurance of any major purchases.
Severe weather is on the rise across the country, making it more critical than ever to ensure that your property and contents are properly insured. With flooding and sewer backup occurring more frequently, it’s crucial to be prepared for the unexpected. If your home is damaged or destroyed, it’s important that it has been insured for its accurate replacement value.
A thorough inventory of your home’s contents and the associated value of the contents will help you and your insurance representative confirm adequate coverage. If you need to make a claim, your home inventory will help you receive proper compensation.
Print a copy of the Insurance Bureau of Canada’s Personal Property Inventory Checklist to catalogue your possessions room by room. Use the following process to help you keep stock of your home’s contents:
During spring cleaning as well as before a move are ideal times to prepare or update your home inventory list. When you increase the value of your home through a renovation or purchase expensive furniture, art, jewellery, or other valuable items, notify your insurance professional.
A thorough and current inventory of your home’s contents and associated value will help confirm adequate coverage and, in the event of a loss, proper compensation.
Losses happen. If your property or contents are damaged, contact your insurance representative as soon as possible. Have on hand reference materials such as: