A Key Decision–Making an Inventory!

In two words, here’s what we recommend, concerning the belongings you insure:

1. Make an inventory and keep it up to date
2. Make sure your coverage is adequate
3. Inform your broker of any change or important purchase

Count Your Blessings – Literally!

There are some very simple ways to safeguard your belongings. One of them is to have a clear idea of what you possess.

How many CD's and DVD's do you own? What's the make of your stereo system? Your microwave? Your clock radio? After a fire or theft, it can be even harder to remember every detail.

A fast and accurate way to take an inventory of your belongings is with a video camera. A Polaroid or tape recorder will work, too. Then trust the photos or tape with someone for safekeeping.

You can also download and print our Personal Inventory Booklet to track your belongings. It's a simple and practical tool to help you update your personal inventory. Don't rely on an inventory you did two years ago–or more.

Keep valuables in a safe place
Precious valuables, such as jewels, are best kept in a safety deposit box. In case of a loss, your insurance can help with the monetary value, but their sentimental value is irreplaceable.

Update your coverage
Are you a collector of coins? Sports cards? Jewelry? Professional-use tools? Computer equipment? Securities? Bicycles? Those items might not be typical collectibles, but maybe you paid more than their insurance coverage. As your brokers, we want to be sure that your belongings are properly protected. So it's a good idea to update your inventory annually, inform us of your latest purchases, and discuss the need for additional coverage.

Certain insurance policies are more flexible than others. Thus, if your insurance covers personal residences, your vehicles and belongings can be adjusted according to your preferences, with the addition of recreational vehicles, secondary homes, rented homes, or a boat or a house trailer.

Make your mark
According to the Insurance Bureau of Canada, the police cannot identify about 20% of the stolen property they recover. Engrave your name or an identifying number on major items, such as TVs, VCRs, cameras, computers and power tools.

And do it in two places: one where it's obvious and another one in a more hidden spot. Then put decals on your doors or windows to advertise your identification system to burglars. They may think twice about handling marked items.

Looking for advice? Ask a professional!