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
  443 Hits
443 Hits

Search Blogs Module

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