Home Insurance


As a homeowner, the thought of having to start from scratch after losing everything you have in a fire, flood or other natural disaster can be harrowing. Of course, homeowner’s contents insurance will cover all of the possessions in your home (excluding those covered by separate business insurance should you have a home office) if they are lost or destroyed in such a manner.

However, the big problem, believe it or not, is actually dictating to your insurer exactly what was inside your home. As much as you think you may know the contents of your home inside and out, when pressed it is likely you will leave something out. It’s best to organise a home contents list as soon as possible so that if the worst does happen as nothing can be overlooked. A home contents list is just what it says on the tin – a list of all items in your home that need to be replaced in the event of a disaster and their worth.

Young Family

If you have just moved in to a new home then making a home contents list is simple. You must record all major purchases. In other words, keep your receipts for electronics, furniture and any other expensive objects. Make an organised list or database to record all of these items.

If you’ve been living in your home for several years, then making a home contents list can be more difficult. However, you do not need to dig out receipts for everything you’ve bought over the years! Walk though your home with a video recorder and talk about all of your accumulated goods. Make sure you mention brand names, model and serial numbers and when you bought things. This information can be very useful in the event of burglary where these possessions are stolen. You can also take pictures of your goods. Just be sure not to leave anything out! After the walk-through, create an inventory of all these belongings. It’s also advisable to collect any receipts or paperwork that you do have that is evidence of your major purchases.

It is important to remember that some items actually increase in worth over the years. Antiques, jewellery and artwork can all gain value over time. Make sure you keep track of these increases so that your insurer knows the value of these objects in the event of a disaster. Don’t neglect smaller gems in your household either! A large CD collection or a designer outfit are worth mentioning in your home contents list. There’s no harm in doing so and they will be replaced like everything else should they need to be.

Finally, make sure you keep this list safe! It can’t be destroyed along with everything else in a disaster, because it is the key to getting your wrecked items back! Keep the list at a friend or relative’s home, in a fire-proof storage box in your own home or in a bank’s safety deposit box for a low monthly fee.

A home contents list should give you peace of mind when it comes to the contents of your home. Make the list to keep your belongings safe, and then give it to a friend to keep the list safe! If you do this, then getting your life back together after the difficult stress of a fire, flood or other natural disaster can be a significantly easier and smoother process.


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