How to Make an Inventory for Insurance Purposes
from Staveley Head
None of us know what
the future has in store for us and it is always advisable to be prepared.
This is not being pessimistic, it is being realistic. Bad
things happen all the time and we should always try our best not to be
insurance, you will also have great peace of mind; but how do you go
about making an inventory of your possessions? This is the first thing that
a Loss Adjuster would want to see should you need to make a claim. But if
you are not sure how to go about making an inventory, then you will
certainly not be alone! Here are a few tips to help you on your way...
To begin with, it
is crucial that your insurance company have accurate information. If
there is even the slightest chance that something is inaccurate
or has been overlooked, then you should get in touch right away! Any
discrepancies could cause all manner of problems if you need to make a
You should also
look out for any ‘special categories’ in your policy... certain
insurers may neglect to inform you that some of your items are not
It may be necessary to take out an additional policy
to get the full amount of protection. This may be more costly,
but in the long run it could prove to be very worthwhile!
Okay, so you are ready to make your list of
possessions. Grab yourself a pen and paper, make sure you won’t have any
interruptions (or you may well miss things out or discover duplicates on
your list!) and you are ready to start.
Begin at one end of your property and work
your way from room to room. Be as organised as possible and do not rush.
Include or Not to Include?
||Some of your possessions may be relatively
small in value, but you should still put them on your list.
If your home is
consumed by fire (and I really hope it never is), then you will want everything replaced; not just the large and expensive items!
When you are listing books, videos, CDs or
DVDs, do not write down every title; simply mark these down as ‘job lots’.
However, when you are making a note of
jewellery, you do need to list each individual piece. If you have any items
that are especially valuable, get in touch with your company to make sure
they will be covered on your basic
Most insurers will have a maximum replacement cost for an individual item...
When you have completed your inventory, it is
always a good idea to transfer it to your computer.
You should then make a back-up copy and keep
this away from your home. This will mean that your inventory is still safe
if you have a fire at your property or your PC goes on the blink!
You can also take photographs (or even video
footage) of any particularly valuable items and include them alongside your
other data. This can also go a long way to recovering your possessions if
you are unlucky enough to be broken into.
By following this
advice you cannot go far wrong. However, if there are any other matters
that are unclear then it is a good idea to get in touch with your insurer.
They are providing your home insurance
and will be able to tell you exactly what is/is not necessary to include on
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