National Inventory Data - NID

FA News October 2017

There is only on way to insure your personal possessions: OLD for NEW

That means replacing the lost assets without the financial burden. Replacement cost coverage pays you the correct amount required to replace personal property without any deduction for depreciation, but is limited to a maximum value amount. 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. This mistake is easily made when you consider the amount of new items you purchase each year. Should the unexpected happen, under-insurance can lead to heartache and the inconvenience of averaging applied by the insurer, should they find you under–insured.

NID can assist you with insuring your home contents correctly by compiling a comprehensive asset inventory backed with images of all your moveable assets. In the event of a claim you will be correctly insured and you will have the proof of ownership. The compilation of an accurate and professional asset register is a concerted joint effort between you as client and NID to ensure that all information and values are recorded as accurately as possible.

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