The Insurance Bureau of Canada (IBC) reminds Ontarians to review their home insurance policies, update their home inventories and take steps to protect their personal property.
“Reviewing and updating your home inventory list helps protect your personal property and can speed up the claims process in the event of a theft or loss,” says Kim Donaldson, vice-president, Ontario, IBC. “Ontarians are encouraged to take a few moments to review the following important tips on how to help ensure a safe home for their families.”
IBC’s top ten tips:
- Review your insurance policy to ensure that you have adequate coverage.
- Shop around to find the right policy for your own unique situation.
- To prevent possible slips and falls, keep your walkways and front stairs clear of snow and ice.
- Create or review your family emergency plan.
- Update your home inventory list by adding new items, including gifts received over the holidays. Note the approximate value of the items, including makes, models, serial numbers and any other identifying marks.
- If necessary, hire an appraiser to determine the value of works of art or jewelry in order to avoid a possible claims misunderstanding.
- Take photos or a video of your home’s contents.
- Keep your home inventory list, and photos or video of your home’s contents in a safety deposit box, a fire proof safe or in another secure location away from your home.
- If you are renting, ensure you have tenant’s insurance. A landlord’s policy will not typically cover your personal belongings or liability.
- If you have questions, speak to your insurance representative.