2 minutes reading time (409 words)

Insurance Coverage Check Up

Watching the news coverage of Hurricane Dorian this past week as well as the fire in Murrieta, had us sympathizing for the people in their path, what they were going through and how their lives would be affected by these natural disasters. Naturally, this also made us start thinking of our own preparedness for a natural disaster. We recently posted about creating your own emergency kits for your homes. Another thing to think of is what happens to your home and other belongings that were damaged during one of these incidents. It's important to periodically review your insurance policies to make sure that your coverage is sufficient. Our lives are constantly changing, which means you could have recently done a remodel to your home or purchased a brand-new computer. Will your homeowner's insurance cover these new and improved items? One way to make sure is to keep an updated inventory of your personal belongings as well as any documentation for upgrades you have done to your home. Without this documentation your homeowner's insurance may just pay you the basic value of these items and you will not recoup the increased value. One tip I read about, and which seems like the easiest way to inventory your property is to walk around your home with your phone and take a video of each room with its contents. In the video you would show the items of most value and explain what they are. Not only will this prove the items existence, but most phones are hooked up to a cloud-based recovery system. So even if you lose or damage your phone in a disaster the video will be saved to the cloud. Obviously, you would not want to share this video with anyone and should keep it private. No posting to social media sites like FB or Instagram as this could make you a target for break ins. Even if you "know" everyone on your friend lists. We still recommend keeping physical documentation either in a fireproof box, safety deposit box or a flash drive but it never hurts to have more proof. You may also want to look into additional flood and earthquake policies.  Maybe you decided to skip these policies when you first bought your home because they can be pricey, or you went with a higher deductible. Now would be the time to get a check up to see if these supplemental policies are right for you.

What Happens to Your Social Media & Online Account...
Happy Labor Day!

Related Posts

Search Blogs Module

Wait a minute, while we are rendering the calendar
Kraig Mathias life saver documents investment statements Asset Planning portal policy earthquake app cell phones privacy notices privacy settings home emergency kit consumer spending fun facts Erin Nelsen Treasury Department Medicare Part B retirement plans cell phone service provider identity theft blog post EEChecklist-Kits.pdf stockpilingchecklist.pdf Medicare trustee Open Enrollment birth certificates Social Security Administration jury duty clients show support health care costs app Healthcare increase credit score illiegal robocallers gap insurance July 4 disaster areas phishing sites tax season 70 1/2. Wells Fargo employees asset Planning prescription eyeglasses April 15 “ skimmer ”. insurance policies home mortgages Medicare Advantage Part B money partner /owner Facebook profile spring cleaning estate planning VOIP landline phones Orange County Superior Court tax deadline https :// emergency folder house sitter Two-Step Verification fun atmosphere 2017 TD Ameritrade National LINC Conference toilet paper memorial Day weekend credit card company Victor Dergunov non-prescripstion sunglasses account numbers Federal Trade Commission website trust April 18 2017. pets credit cards executive order team members president Trump car loans Legal robocalls Wells Fargo customers media accounts estate planning direction chip-enabled EMV cards pet IRA accounts rescue organizations October 1 2020. 20 year anniversary paperwork clutter 2017 IRA contributions estate Social Security home break-ins cell phone provider https ://seekingalpha CFP ® spam phone Retirement Contribution Limits hurricane Dorian banking cell phone carriers offer retirement planning phone companies Mobile Banking Security Tips Kiplinger Letter emergency kits contribution limit parking spots Part D premiums . wells Fargo 900 number DNA test kits Open House summer phishing scams Orange County clone counterfeits self-help topics credit monitoring service company Financial Planning Magazine opt-out assets vacation Medicare question debt insurance policy borrowing money flash drive pet industry drive /usb identity thieves breach text messages 401K FEMA website National Ice Cream month scams 23 andme home retirement accounts ID card Flexible Spending Account news coverage Roth IRA padlock check lists driver license Affordable Care Act Puerto Rico checklists Amazon credit card fraud 2017 Equifax breach April 11 IRS deadline retirement Notary Public notary services health care services ice cream ice cream event Independence Day settlement options information Facebook June 29 operations manager relief efforts Ice Cream Social Medicare plan California Lions Friends family members web address home emergency preparedness kits information interest rates 2018 IRA contributions fees card reader emergency kit D premiums credit freeze email notifications home security Shred paperwork Brexit vote CERTIFIED FINANCIAL PLANNER exam Joey Gonzales phone Supplemental Security Income client portal Medicare Part B premiums official certification Fox News story vision screening FSA clients 4 pm -8pm Auto insurance bottom line integral member pet supplies