Would you remember all your possessions in the event of a fire or other disaster?
A current home inventory helps to ensure that you have sufficient insurance coverage and that no item is forgotten if you were to experience an insured loss. This can be a great activity to do with your children – have them take inventory of their rooms, while teaching an important life skill.
Here are some tips to get started today!
❒ Go room by room – Take pictures and video and save them in a secure location (ie: in the cloud).
❒ Include the basic information – Describe each item: where you bought it, the make and model, what you paid and any other pertinent details.
❒ Keep proof – Safely store records of value, ownership and serial numbers for items.
❒ Check coverage on big ticket items – Jewellery and collectibles may need special coverage separate from your standard homeowners insurance policy.
❒ Don’t forget important documents – Keep personal and financial copies off-site (birth and marriage certificates, passport, house deed, etc).
❒ Secure your inventory list – Use a fire proof safe or give a copy to a trusted relative or friend.
❒ Update yearly – Spring is an ideal time to review. Notify your agent or broker of any big changes.
Thank you for taking time to better protect what matters to you.