Your home is like a museum. One that contains your most prized possessions, mementos of experiences you do not want to forget, accolades of triumph, items of expression and vestiges of close relationships. When you decorate your home with items that are close to your heart, it is important to do everything in your capability to ensure they stay protected.
For this reason, most people choose to take up a comprehensive home insurance. When we say ‘comprehensive’, this policy needs to insure the security of household items as well. A policy that covers the building damages and loss or damage of your home articles is known as a household insurance. There are various companies that offer such policies.
If there is ever a situation where you need to prove the ownership of your household items while claiming insurance it can be a tricky affair. For this reason, here are a few tips you should follow:
- Inventory – Create a detailed inventory of all your household possessions. This inventory should include the minute details of that item, such as date of purchase, method of purchase, price paid, place of purchase etc. Store this inventory in a separate insurance folder. This way while filing a claim, you are able to save time. Your insurer will ask you to provide the details and proof to corroborate these details of stolen items.
- Invoice – When you purchase an item of value, make it a habit to ensure that you preserve the original invoice of receipt of that item. Valuables such as jewellery, one of a kind, showpiece collections, glassware etc. If the items are not valuables but still have suffered damages or have been stolen, if you have the original invoice you can claim it.
- Crosscheck - Be sure to validate the items that are included in your home appliance insurance policy. Before raising claim, be sure to check for its inclusion. Another thing you should be mindful about is the maximum liability for each category of claimable items. For example, you can only claim 5 works of art and each should have a specific price limit such as Rs 1, 00,000 or lower.
- Take Photographs – To satisfy any further questions that the insurer may have, you can maintain photographic evidence of the same items. This is a good way of establishing what was in your home before the incident and what remains after the incident.
- Jewellery – When it comes to jewellery that exceeds a certain value, your insurer may require you to send some valuation certifications. Thus, insure that you keep these documents intact and regularly update them with your jeweller.
Keeping the above tips in mind, you should not have any issues while filing your claims. However, it is important to ensure that you approach this with a sense of organisation and orderliness in mind. Maintaining all the necessary documents is crucial in this process.