Are you under-insured?
Under-insurance could also be described as the occurrence when there is a shortfall between the amount of cover selected and the actual replacement value of what is being insured. The result is that you will only be paid a proportional part of your claim. In the event of a claim, the principle ‘average’ would then be applied. If the unexpected happens, losing your home contents could be distressing as well as financially devastating.
If insured correctly, the insurance company will put you in the same position you were prior to the loss. Many people make the mistake of underestimating the value of their home contents.
NID can assist you with insuring your home contents correctly by compiling a comprehensive asset inventory backed with images of all of your movable assets. In the event of a claim you will be correctly insured and be able to prove ownership. The compilation of an accurate and professional asset register is a concentrated joint effort between you as the client and NID to ensure that all information and values are recorded as accurately as possible.