Are you prepared for a home insurance claim?
Sandra Hermiston and Ross McLaughlin, CTV Vancouver
Published Friday, April 7, 2017 6:00AM PDT
If you ever fall victim to a flood or a fire, and have to replace all of your belongings, you’ll need to come up with a detailed inventory of what you had, in order to process a claim. It can be daunting to think about, but there’s a fairly simple way to handle it.
Financial experts say one of the best ways to document your belongings for insurance purposes, is with a video.
“It doesn’t have to be complicated, you can even use the camera on your phone,” said Tobie Stanger of Consumer Reports.
Try to capture everything you own by opening closets, cabinets and drawers. Describe what you see as you record the video. Be sure to include what’s in your bookcase, art that’s hanging on the walls and major appliances.
You should also capture brand names and serial numbers, so your insurer can replace what you had with exact, or similar items.
“Focus on what’s valuable. You can skip the cleaning supplies in a closet, for instance. An insurance adjuster is likely to create a ‘bulk estimate’ for those things anyway,” advised Stanger.
Then, put the video onto a thumb drive and upload it into the cloud or stash it in a safe place, so it’s there when you need it.