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