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
  995 Hits

Search Blogs Module

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