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
  194 Hits
194 Hits

Search Blogs Module

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