Asset Planning, Inc Blog

The latest from the team.

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.

Continue reading
  1044 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
blog post summer news coverage Wells Fargo employees cell phone carriers birth certificates trust earthquake app FEMA website credit score “ skimmer ”. 20 year anniversary ice cream event National Ice Cream month February 14 phishing sites Kraig Mathias Orange County interest COVID -19 virus Social Security retirement insurance policies home security tax season portal Wells Fargo customers card reader cell phone carriers offer retirement plans https :// offering insurance text messages CARES Act D premiums spam phone app April 11 July 6 home break-ins emergency kit 2017 IRA contributions Flexible Spending Account phishing scams identity thieves illiegal robocallers Affordable Care Act Two-Step Verification pets stock pile DNA test kits estate planning CERTIFIED FINANCIAL PLANNER exam self-help topics Medicare question Brexit vote memorial Day weekend cell phone SIM swap scam IRS deadline Federal Trade Commission website bottom line people medications cell phones July 4 Social Security Administration Economic Security Legal robocalls CA FTB emergency folder estate padlock retirement accounts Part B settlement options pet donation drive July weekend identity theft spring cleaning Medicare Part B premiums 2017 TD Ameritrade National LINC Conference paperwork clutter pet supplies markets credit monitoring service contribution limit team members January 10 Notary Public home mortgages Medicare scams Auto insurance fun atmosphere documents estate planning direction operations manager flash drive ice cream partner /owner October 1 2020. car loans Coronavirus Aid July 3 rd Mobile Banking Security Tips Treasury Department Orange County Superior Court Medicare Part B relief efforts disaster areas account numbers banking borrowing money information information Facebook phone companies clients phone TD Ameritrade wells Fargo home emergency kit prescription eyeglasses FSA June 29 tax filing deadlines records Roth IRA investment statements interest rates president Trump Expired medications paper records asset Planning privacy notices fun facts https ://seekingalpha credit cards VOIP landline phones coronavirus holidays approach executive order integral member cell phone provider Ice Cream Social tax deadlines Shred paperwork earnings fallout cell phone service provider non-prescripstion sunglasses Healthcare company credit freeze Labor Day Open Enrollment client portal Victor Dergunov April 18 2017. gap insurance Charles Schwab 401K trustee market turmoil debt April 15 opt-out EEChecklist-Kits.pdf stockpilingchecklist.pdf hurricane Dorian Part D premiums . Medicare plan credit card company insurance policy Independence Day check lists CFP ® 2018 IRA contributions donation items breach fees pet retirement planning September 8 chip-enabled EMV cards checklists ID card September 30 2020. health care costs email notifications Joey Gonzales home emergency preparedness kits rescue organizations pet industry web address tax deadline Puerto Rico Amazon September 9 vacation Facebook profile money consumer spending water … Supplemental Security Income drive /usb vision screening Open House emergency kits 70 1/2. 900 number Asset Planning Kiplinger Letter spread donation counts Fox News story stimulus package clone counterfeits years tax returns California Lions Friends Retirement Contribution Limits jury duty IRA accounts tax records IRS clients show support 2017 Equifax breach business hours payments home Medicare Advantage life saver 23 andme student loans parking spots assets increase family members credit card fraud privacy settings media accounts Erin Nelsen house sitter health care services driver license notary services policy 4 pm -8pm official certification Financial Planning Magazine toilet paper items