Home in­ven­tory

Seaway News - - HOME IMPROVEMENT -

( NC) Ev­ery day we see news re­ports of homes be­ing de­stroyed by fire or dev­as­tated by flood wa­ters. Even more nu­mer­ous are the un­pub­li­cized in­stances of break-ins and home thefts. For the most part, th­ese ac­counts fade into the back­ground as we think to our­selves, “ It's okay, I have in­sur­ance.” And while the peace of mind that prop­erty in­sur­ance pro­vides al­lows us all to sleep at night, most don't re­al­ize what a trau­matic ex­pe­ri­ence th­ese events can be. " Try­ing to re­mem­ber all of the items in your home can add to an al­ready stress­ful event. Hav­ing an in­ven­tory of items in your home is one of the best ways to pre­pare your­self," states Ste­fanie Hay, in­sur­ance and claims ex­pert with Aviva Canada.

Be­sides help­ing en­sure you have the right amount of in­sur­ance, an in­ven­tory will help set­tle your in­sur­ance claim faster and ver­ify losses for your in­come tax re­turn.

Sure, but who has time to go through ev­ery item in his home? The task need not be oner­ous and can be as easy as tak­ing a video ac­count of each room in your home.

Many in­sur­ance com­pa­nies also pre­pare con­tent lists that can act as a help­ful start­ing point.

• Cloth­ing, books, tools, toys, bi­cy­cles, and other items • Jew­elry, sil­ver­ware and other valu­ables • Com­puter equip­ment, gam­ing con­soles and soft­ware Whether you con­duct a video or writ­ten in­ven­tory of your home, don't for­get to keep your in­ven­tory in a safety de­posit box or at a trusted home. That way you'll be sure to have some­thing to give your in­sur­ance rep­re­sen­ta­tive if your home is dam­aged.

You should also keep a record of le­gal doc­u­ments, such as birth cer­tifi­cates and pass­ports, and fi­nan­cial doc­u­ments, such as bank ac­count and in­sur­ance poli­cies on your in­ven­tory.

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