Your personal belongings are worth protecting. Give yourself peace of mind with and insurance plan to protect your possessions. There are very simplay ways to safeguard your belongings. The first step is to have a clear idea of what you own.
How many CDs or DVDs do you own? What is the make of you TV or your stereo system? How about your microwave or your computer? After a fire or theft, it is hard to remember every detail. A quick and accurate way to keep track of your belongings is by using a video camera. Pictures or a tape recording will work too. Then give the pictures to someone for safekeeping or put it in a safety deposit box.
Don't forget to update your inventory when you get something new.
Keep valuables Safe
Precious keepsakes and other valuables, such as jewellery, are best kept in a safety deposit box. in case of loss, your insurance can help with the monetary value, but their sentimental value is irreplaceable.
Label You Belongings
According to the Insurance Bureau of Canada, police cannot identify about 20% of the stolen property they revover. Engrave your name or an identifying number on major items, soch as TVs, DVD players, cameras, computers and power tools.
And do it twice: once where it's obvious and a second time in a more hidden spot.
Keep your coverage Up-to-Date
Do you collect coins? Sports cards? Jewelery? Computer equipment? Camera equiment? Professional-use tools? These items might not be typical "collector" items, but people often acquire them at values greater than their insurance coverage.
And that is a big concern for you broker, who was to see to it that your posessions are properly protected. So, it's a good idea to update your inventory annually, inform your broker of your latest purchases and discuss the possible need for additional coverage.
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