The Personal Property Inventory: It’s Indispensable!The Personal Property Inventory: It’s Indispensable!http://chad.ca/en/consumers/insuring-yourself-properly/home-insurance/215/the-personal-property-inventory-its-indispensableinventaire des biens

A carefully completed personal property inventory allows you to better understand your coverage needs and purchase the right insurance policy. In the event of a loss, this inventory will also help to facilitate and speed up your claim. ​

It’s amazing how many personal belongings we acquire over time! Do you know how much your possessions are worth? 

Do the test! No one can draw up a full, detailed list of their belongings or assess their value from memory alone. 

In order to avoid problems when a loss occurs, the Chambre de l'assurance de dommages (ChAD)—the self-regulatory organization that ensures the protection of the public in matters related to damage insurance and claims adjustment—invites consumers to download the free, electronic version of The Personal Property Inventory (an Excel document), available by clicking here.


How much are your belongings worth? 

Unfortunately, it is often only after a fire, water damage or a theft occurs that insureds realize that they have underestimated the value of their personal property and how difficult it is, under stressful conditions such as these, to draw up an accurate list of their destroyed or stolen belongings. 

Moving, just like going back to school in September, is an excellent time to draw up an inventory of your belongings. Once you have finished this inventory, contact a damage insurance professional (either a broker or an agent) to obtain the proper coverage for your belongings. Damage insurance professionals are there to advise you. They are certified professionals who must take professional development and respect their code of ethics.

A carefully completed personal property inventory will allow you to better understand your coverage needs and thus purchase the right insurance policy. In the event of a loss, this inventory will also help to facilitate and speed up your claim. 

a little recommendation

We suggest that you keep a paper or digital copy of this inventory outside your home, accompanied by either photographs or a video, since to facilitate the claim, it is important to be able to prove the value of your personal property. Receipts, warranties and instruction manuals can also be used as supporting documents in the event of a loss.

Once completed, this inventory form serves as a reminder if you need to make a claim. Don't hesitate to include any other documents that you consider relevant.

10/18/2017 7:51:44 PM