It is likely you are familiar with a Broker or insurance agent asking you the question:
“What value do you want us to insure your Contents for?”
Possibly followed with a bit about the importance of insuring correctly and how you can be penalized at claims stage if you are found to be under-insured. However, they do not offer guidance on how you can determine what the correct Contents value should be.
When we talk with clients, they often have no idea what their correct cover amounts should be when it comes to their household.
To help our clients, we, at Finesse Insurance Brokers, have put together an Inventory Form. Our clients can walk around their home, room by room listing what they own. We then use this list to source the average going market prices for their replacement – which ultimately helps them determine a fair and adequate insurance value.
The additional upside to conducting this basic exercise is that the inventory form, saved to your file with your Broker, can be used as confirmation of ownership of belongings, should a theft or fire claim occur.
For more information, better service, or quotes… contact us today.
