Olif - Randburg

OLIF is an online system allowing you to capture household items/contents/assets as you would do on a manual form. This however, is a permanent record to which you can add to or delete items as your contents changes.

As a homeowner, having an asset inventory can protect you from the growing problem of underinsurance and help you get a faster and more accurate settlement in the event of a claim.

In the current economical climate there are very few people that do not appreciate the importance of insuring their most valued assets against unforeseen events. However according to experts there are still 1 in 5 homeowners that are underinsured. This is when your possessions are worth more than it is insured for. An online home inventory can help prevent this.

In the event of  

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submitting a claim following an insured peril ex. fire, burglary or flood, being underinsured will result in average being applied. An example of average is when you insure your contents for a R100 000 although the replacement value is R200 000; you effectively 'self insure' 50% of the contents value. In the event of a claim of R20 000 your insurance company will only be liable for 50% and you will be liable for the balance.

Not only do you have the trauma and stress of enduring such an event, you have the gruelling task of remembering what you owned and how much it was worth in order to claim.

In most instances clients only realises after a period that they missed some items and as the claim has been settled they are unable to claim. With an online home inventory you can immediately supply your insurance company with an accurate list, proof of ownership and the value of the items. Thus saving time and ensuring that you claim is settled timeously and for the correct amount.

Most important is to include every item (what you will take when moving) when completing your inventory. Start your online inventory today for you future peace of mind.