Take Inventory of Your Belongings
Over the years, we accumulate many belongings, and it’s hard to keep track of them all. The best way to evaluate everything you own is to make an inventory list.
Why Make an Inventory List?
If you experience a loss, having a list of all your belongings will help you when you file your claim.
Calculating the Value of Your Belongings
To arrive at a fair estimate, create a table that includes the following information:
- Purchase date
- Brand and model number
- Purchase price
The Insurance Bureau of Canada provides a form on its Web site to help you make a proper inventory.
It only takes a few minutes, and will make things a lot easier if you experience a loss.