Make a list and reduce the stress
NAME the brand and model of the television(s) in your house or apartment.
How much did your computer cost, and where did you purchase it?
What is the serial number on your camera?
Could you answer those questions without looking?
Now imagine how difficult it would be to come up with this information for all of your belongings while dealing with the stress of a fire, burglary, or natural disaster.
In such a case, you may spend countless hours trying to remember everything only to realise what you forgot after your insurance claim has been processed.
You might not even be able to produce the required proof for the insurance claim to be accepted.
Whether you own your house or are renting, house contents insurance should be on your “must have” list, not on your “I’ll get around to it” list.
When taking out house contents insurance, it’s vital to do a thorough inventory.
Many people “guesstimate” the value of items only to find out, too late, that they are under-insured when it comes to the unfortunate event of a major loss.
Having a complete inventory will not only assist with insurance claims, but also if you file a police report for stolen items, having the model and serial number will improve your odds of recovering the stolen property.
A complete inventory list of your possessions should include a description, brand/ model, serial number, condition.
In addition you’ll need to record information about the value of each item.
Depending on whether your insurance company pays claims based on “replacement value” or “current value” you’ll need to record details such as purchase price, replacement cost, current value, when and where purchased.
Taking photographs and/or videotape to document the existence and condition of your possessions can also be included in the inventory
MUST HAVE: House contents insurance is not a luxury, it's an essential