News Feed Item

Snupps - UK Households short changed by insurers due to poor home inventory record keeping

Disputes over proof of ownership, and a lack of clear inventory management, mean that on average insurance payouts are only 44%1 of what Households believe they have actually lost. The ‘Insurance Gap’, which is the difference between what your contents are insured for and the actual value of those items, is £3,400 per household2. This leaves many valuable items under-insured. In a survey, 80% of UK Households admit they have no idea how much their items are worth; with gadgets like mobile phones and laptops commonly over-insured because these items quickly depreciate in value.3

Snupps helps users track and manage the stuff they own and cherish through an intuitive and visual iPhone, iPad, Web experience. It is a free application that helps people easily and accurately capture images and records right from their mobile device. Simply take a picture of an item, add details - such as a receipt, valuation certificate etc. and then organise those items on virtual shelves. Snupps announces today the release of private sharing features that enable users to transfer records exclusively with their insurer, appraiser or peers. Items can be shared via PDF, CSV or via a number of online channels.

Richard Wells, CEO of Calico Properties, a UK Property Development and Management Company, has been using Snupps to keep track of the inventory in his rental properties in South West London; “Snupps is a simple way to visually keep track of inventory. I especially like how I can add images of receipts and warranties for replacement purposes.”

Snupps Founder Sari Anabtawi said, “The inspiration for Snupps came when I lost key valuables while in transit. I was struggling to gather the details needed to prepare a claim. The whole process made me realize a deeper connection I had with the stuff I own.”

Here are five simple steps to home insurance sanity that users can start doing today:

  1. Group your things. Group your things into logical categories: by location (room; garden; house); or by type (art; furniture; jewellery; electronics)
  2. Capture key details. Photograph each item and document a brief description, including age, purchase data and price and estimated current value. Include images of original sales receipts, appraisal documents, model and serial numbers.
  3. Store it safely. Store it safely on online (on Snupps) and outside your home.
  4. Keep it updated. Photograph and add records about each new item you purchase. If you encounter any loss, quickly document the evidence: take photos of any damage; don’t remove damaged items until your insurer sees them.
  5. Keep your insurer updated. Send your up-to-date inventory documentation to your insurer via PDF, CSV or CSV with images.

1 http://www.policyexpert.co.uk/insurance-blog/insurance-revealed/how-much-did-the-big-insurers-pay-out-in-claims-last-year/

2 http://www.yourmoney.com/your-money/news/2216406/brits-set-to-lose-out-in-gbp3-000-under-insurance-gap

3 http://www.easier.com/108092-brits-set-to-lose-out-in-3000-under-insurance-gap.html

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...