January 30, 2012 by Canadian Underwriter
The Insurance Brokers Association of Ontario (IBAO) has launched a new website tool, MyInsuraceShopper Know Your Stuff-Home Inventory, a free online home inventory software for consumers.
The application was designed to help consumers create and update their home inventory easily and efficiently, all within the digital space. It includes free, secure online storage, so consumers will have access to their inventory anywhere, any time.
“Many people receive or purchase new expensive items and neglect to inform their broker and update their policies,” stated IBAO CEO Randy Carroll. “Items such as expensive jewelry should to be added to your insurance policy to ensure you are properly covered in case of any future claims. You never know when a disaster may strike, but you can be prepared with an up-to-date home inventory.”
The MyInsuranceShopper Know Your Stuff-Home Inventory tool allows consumers to list home contents, including a brief description or photograph and an estimate of the replacement value of each item. They could also make a video of their rooms, cupboards and shelves and store it off-site.
“A home inventory will help you itemize your property if you need to make a claim, and it is a good way to test if your overall policy limits are adequate,” added Carroll.
Visit http://knowyourstuff.org/ for more information.