Getting Ready for a Recession

What goes up in a Recession? It’s no joke that the answer, unfortunately, is crime.

In the United Kingdom, it’s the same story from a Scottish perspective. The Observer claims its analysis of official English figures show a jump in burglaries coinciding with the economic downturn with some jurisdictions reporting an increase of over twenty percent.

Now is a great time to count your blessings and your belongings. A home inventory could be your best ally if property crime starts to rise and you find yourself in the unfortunate position of having to make a burglary insurance claim or worse, in the event of a disaster.

Burglars Tools Found in the Bank
printed in 1875, Canadian Illustrated News
Claimants regularly under-report or otherwise don’t get full value for their insurance claim due to a lack of receipts and paperwork. Expect to pay around a couple of hundred bucks to hire a home inventory service to come to your place and tally up your stuff — if you don’t want to do it all yourself. Something worth considering since it only takes missing out on a few items around your house in an insurance claim to exceed the cost of the inventory.