How much should I insure my building or contents for?  ProofSure will assist

ProofSure provides the short-term insurance industry and individuals with solutions to the problem of being incorrectly insured. We assist with establishing the correct level of insurance and the recommended sums insured for Commercial and Residential Contents and Buildings as well as conducting Fire and Risk Assessments

Household Contents and Building Valuations for Your Short Term Insurance

Whether you have taken out a new policy or it is annual renewal time it is extremely important that you ensure your possessions and home adequately insured.

• Have you ever done a full inventory of all the contents of your home?
• Do you know the replacement value of all the items in your home?
• Do what it would cost to rebuild your home?

If your answer was “no” to any of those questions it’s quite possible that you will not be fully compensated in the event of a claim. It’s a fact that the majority of households are under insured but most often one only finds out when there is a loss resulting in a claim. The consequences can be devastating.

To accurately determine the value of your home & household contents one requires a proper inventory and estimate of ALL items in the home. A comprehensive list has to be compiled and each item must be valued at new replacement cost. This means finding out the CURRENT replacement cost of every item in your home.

To establish the correct value for insurance of your home or commercial you would need to know the size of the footprint of your house, driveways, fences etc., the cost of materials, labour, professional fees and regional variances.

That takes a considerable time and knowledge so most of us never get around to doing it, which is why the majority of households in South Africa are under insured.