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
  244 Hits
244 Hits

Search Blogs Module

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