Monthly Archives: September 2012

How To Keep Your Homeowners Policy Up-To-Date

 

 

 

 

 

 

 

 

 

One of the big mistakes homeowners make is not keeping their home insurance information up-to-date. You need to have an accurate inventory of all your possessions to make sure you get paid in case of a total loss of your property. That is the only way to insure you get paid for all your losses.

Use your video camera to take short videos around your home showing your most valuable possessions. And store them on a DVD.  Take pictures of everything in your home to document your possessions. Clear pictures of jewelry, firearms, music instruments, televisions, etc. can go a long way when it comes time to collect from a major loss of property.

Keep a file of receipts from major purchases around your home. For example, if you just purchased a new home entertainment system, take pictures, videotape the system, and store the receipts in a file for this purchase.

Also, if anything changes, you should notify your local insurance agent to let them know. This applies to anything you sell or anything you buy. And make sure you document this also.

Keep all your videotaped DVDs, pictures, and written (or typed) list in a safe deposit box at your bank or in a fire proof container in your home. The ideal scenario is to have this information in both places.

Doing all these things will not only give you peace of mind. It will also assure prompt payment from your insurance company when a catastrophe strikes. Give us a call today at 615-453-9702 to discuss your policy and to make sure you have the appropriate documentation for all your possessions.

Do You Need An Umbrella?

            An umbrella insurance policy covers what your auto and homeowners insurance does not cover. It’s a personal insurance policy to protect you from financial loss.  It protects current and future finances against the cost of losing a lawsuit. Umbrella policies generally have a much higher deductible because they expect… Continue Reading

Life Insurance Myths (and Mistakes)

            There are many misconceptions about life insurance. These preconceived notions can be costly at a time when your family needs the resources and finances to keep going after you are no longer around. Here is a list of five misconceptions surrounding life insurance: I’m single and don’t have anyone… Continue Reading

How Are Life Insurance Rates Determined?

            The short answer to this question is the type of insurance you buy, your lifestyle habits, age, and your medical condition. Insurers also look at how high the risk is to insure you. In other words, what are the chances that you will die within a short period of… Continue Reading