To calculate the value for your content insurance you need to know the total contents you have in your house. This makes you able to calculate the insurance amount for your contents and in case of a claim; it will be settled as soon as possible.
How to make an inventory of your house contents
Systematically, visit every room of your home to list down all the contents you have. Do not forget to visit your gallery, garage and under ground rooms.
Make sure that you have recorded all the information of your contents in the list such as the model number, the make and the serial number. If you make a quick note about its age and condition, it will be better at the time of a claim.
Now, you would have to estimate the cost of each item at today’s prices. It is better to keep receipts of those contents. If you have any special items for which you are going to take the policy, then try to get the current valuations of those items.
If you need a cheaper insurance policy, then you would have to estimate the value of all the items taking into account what you paid for them, its age and condition. For example, you bought a sofa 4 years ago, which cost £1700. Suppose that the age of the sofa is 7 years so it is still got the value 70% of £1700 – in other words £1190. This amount should be included at the valuation of the contents.
It is a long process but it is the best way to find out the inventory of the house contents. In case of claim, the records which you made will be priceless in proving your claim.
How to make an inventory of your house contents
Systematically, visit every room of your home to list down all the contents you have. Do not forget to visit your gallery, garage and under ground rooms.
Make sure that you have recorded all the information of your contents in the list such as the model number, the make and the serial number. If you make a quick note about its age and condition, it will be better at the time of a claim.
Now, you would have to estimate the cost of each item at today’s prices. It is better to keep receipts of those contents. If you have any special items for which you are going to take the policy, then try to get the current valuations of those items.
If you need a cheaper insurance policy, then you would have to estimate the value of all the items taking into account what you paid for them, its age and condition. For example, you bought a sofa 4 years ago, which cost £1700. Suppose that the age of the sofa is 7 years so it is still got the value 70% of £1700 – in other words £1190. This amount should be included at the valuation of the contents.
It is a long process but it is the best way to find out the inventory of the house contents. In case of claim, the records which you made will be priceless in proving your claim.
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