It's wise to make sure you're getting the best price on your homeowners insurance. And it's equally wise to compare your rates with your agent's customer service to make sure you're receiving the best value for your dollar.
People often think if they have a disaster, they’ll just get a check in the mail for the amount of their coverage. But most insurance companies won’t just cut you a check without a list of the items you are seeking to have replaced.
If you faced a loss of your belongings through fire, theft or natural disaster, would your personal property insurance coverage be sufficient to replace everything? Compile a home inventory to give you the answer.
Have you discovered you were uninsured or underinsured after you experienced a theft, tornado, fire, etc? You may be able to claim your loss on your income tax return.
Most people know it's essential to have a home inventory to prove ownership of property after a tornado, fire, hurricane, burglary, etc. But there are many other situations where having this information would prevent devastating results.
Insurance policies can be as difficult to read as any other legal document, resulting in a high proportion of policyholders not understanding what their policies actually cover. Here are some of the most common misconceptions.
One segment of estate planning often ignored is completing an inventory of personal property. Consider how helpful that will be for your children after your death, but also how an inventory can serve a purpose for you now.