Homeowners should review their
every year as belongings often change, says Bertus Visser, chief executive of distribution at PSG Insure.
He offers two tips to help
do this:
◆ Take note of all the things you’ve acquired and got rid of in the past year. This helps you reach the insurance sweet spot – you’re not under-insured or over-insured. When you have an accurate idea of the value of the contents of your home or office, contact your adviser and update your policy. Templates online can help too.
◆ If you note an item you’ve replaced or that has changed in value, get the changes included on your policy as soon as possible. These could be new security features or a back-up power supply.