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
  690 Hits
690 Hits

Search Blogs Module

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