It cannot be understated; You need to be prepared for an Emergency /Disasters. Your property and possessions can be destroyed, damaged, looted, lost… In a previous blog it was recommended that your “Digital Go-Bag” includes an “Encrypted USB Flash Drive”, that contains digital copies of your Critical Documents, spanning Identification, Medical, Legal, Financial, Business, Personal, Contacts and more. To expand on this, you should include you “Property Insurance”, and “Inventory Check list”.
To collect from your Insurance you must have this Check list. If you do not, there is no record of the items existing and therefore No Benefits /Payout. The list determines the amount to insure .
So, what should the “Inventory Check List” include?
• Contents
Item, Description, Date of Purchase, Make /Model, Amount Paid, Receipts, Appraisals …
• What to Consider:
Artwork, Heirlooms, Jewelry, Collectables, Keepsakes, Furniture, Electronics…
Over time these items fade into the background, and we forget, they are there. When preparing /maintaining the Inventory you might be shocked by the increase in value of the items.
This information is critical for determining the amount the Property Insurance covers. Include these documents in the “Encrypted USB Flash Drive” in your “Digital Go-Bag”.