What should I do after valuables at the trunk of the car have been stolen after dinning out?
You drive your car, go to a restaurant after dinner, you find out, and the stuff, valuable stuff, like computer jewelry, was stolen. And what should you do? What will happen? You know, many people don't know. And home insurance covers this kind of situation. People always ask, and is it necessary to buy home insurance? Yes. My suggestion definitely is yes.
Home insurance not only covers your building, so it covers stuff in the building as well. And so, e.g., if there's some flood or fire or wind accident, and so maybe your home, maybe your building only works like $20000, according to the BC assessment. But when you rebuild that building, that house, and it's not only $20000, it will be maybe half a million dollars, maybe $1 million to rebuild it.
So the best insurance is not the value of the current value, it is for the value or replacement for rebuilding. So especially for this kind of disaster, to buy fire, flood or wind, all kinds of things. So, and not only about the building, and also inside of the building, I-I believe you have clothes and jewelry and shoes and furniture.
Maybe you are only close to it and it is worth over $20000. And maybe you think, oh, one used, one, one, seven, eight, maybe only $20, $100. When your clothes are destroyed by an accident, by a disaster, you need to go to buy new clothes. It will be worth more money if you pay the original price for that insurance. OK? So the insurance is not for your current value, your homes or your staff. The current value is for the replacement.