Home contents insurance policy is catered to provide complete safety and protection to all of your household content against theft, fire or any other similar event. But due to the fact that assets get depreciated with the passage of time, the home contents insurance policy includes a depreciation adjustment clause. Due to this clause, sometimes the insured gets a less amount in return with his home contents insurance claim, and this leaves him with nothing in his hand. So, it becomes essential to prepare the Contents Inventory Sheet that can be calculated using some helpful websites on the internet.

1. First, you are required to prepare a list of all the items forming a part of your personal property. The items should accompany the correct age and condition along with its purchase price.

2. Seek help from any insurance claim website on the internet and search for the ‘Forms’ button. You will come across a Depreciation Schedule, which you need to download.

3. This schedule will present you the industry standards set for calculating depreciation for a number of items.

4. You can now easily cross check every item on the Contents Inventory Sheets and can compare it with the amount charged by the adjuster.

By following this kind of estimation, you can add thousands of dollars to your home content insurance claim settlement.

This entry was posted on Friday, March 27th, 2009 at 4:29 am and is filed under Home contents insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.