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
  545 Hits
545 Hits

Search Blogs Module

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