How to look after your most expensive stuff
Stylish living room with furniture and plants

Tips for when your laptop is no longer the most valuable thing you own.

Disposable income is one of the perks of becoming an adult and what you do with it is entirely up to you…

For instance, maybe you have a collection of real artwork to adorn the walls of your condo. Perhaps you’re a wine or whiskey connoisseur with a cabinet full of vintages. Or maybe you’ve finally upgraded to the ridiculously expensive bike of your dreams.

Whatever your interest may be, you’ve probably invested a lot of time and money. We’ve got a few suggestions on how you can protect your most expensive things:

  • Take full inventory. Carefully document your valuables (including each item in a collection). Provide a detailed description for each item, including how much you paid, where it was purchased, serial numbers and, if you have it, the most recent appraisal amount. Make note of any receipts or invoices you have for each item.
  • Take photos. Along with a written catalogue of your stuff, you should also have photos or videos of each item. Make sure the photos clearly detail the condition of each item – depending on the item, you might need to take photos from different angles to get the full picture. Include the date when the photo was taken.
  •  TIP: Go paperless! Back up your catalogue, receipts and photos to the cloud so you’ve always got access.
  • Have your valuables appraised by an experienced professional appraiser who specializes in your area of interest.
  • Keep your stuff safe – from theft, environmental and human-caused damage. Make sure your valuables are stored or displayed in a place where they aren’t exposed to extreme temperatures, or lots of traffic. If you’re moving, ensure that each item is packed well. You might also consider getting a home security system.

Make sure you have the right insurance.

  • Make sure you have the right amount of insurance. While your basic home insurance will cover the loss or damage of your personal belongings, most policies have limits on certain items – which might not be enough to cover your high-value items or collections. If these things exceed that set limit, your best bet is to insure it separately. 
  • Revisit your policy regularly. If you’re like most people, you’re going to be adding to your collection or selling some pieces to pay for new ones. It’s a good idea to revisit your policy every few years to accommodate for any changes in the value of your stuff.

Find out how easy home and auto insurance can be.