Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
If something ever gets lost, stolen or burned at your home, how do you prove it to your insurance company?
Once each year, around my wife’s birthday, she does a walk and talk with a video camera in hand to document our possessions. As she’s going through the house, she includes the prices and dates of each new purchase we’ve made since last year if she remembers. Then we store the little tape at her mom’s house because it won’t do any good if it gets damaged at our house.
Sometimes insurance companies won’t pay if you can’t document what you’ve got. Real Simple magazine recently ran a story about what’s possibly not covered by insurance and may require you to buy an additional rider.
Here’s the sticky thing, though. You can buy a rider, but you might also need to go one more step and have an appraisal. That’s very common when you’re talking about collectibles and jewelry.
If this all sounds a bit too much for you, just be sure that at least once a year you come up with a date and do that walk and talk commentary while shooting that video. I want you to protect your possessions.
This post was last modified on March 22, 2017 2:05 pm
If you've been considering signing up for one of the Chase Sapphire credit cards, now…
The costs associated with owning a home go way beyond the amount on the mortgage. …
Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…