RUN Don’t Walk . . . Document what is often taken for granted!
Can you answer from memory the Following?
1. Make, Model, & Serial # of your washer/dryer set?
2. Make, Model, & Serial # of your computer, printer, and scanner?
3. Make, Model, & Serial # of your camera, binoculars, or telescope?
4. List all the titles and the price you paid for music and movie CD’s and DVD’s?
5. List all the titles and the price you paid for your children’s books?
We take much of what we purchase with our hard-earned dollars for granted until these things are destroyed. Unfortunately, when faced with a catastrophic loss the memory of much of what we possessed is often erased by the trauma of the event. While an inventory cannot replace treasured items an inventory backed up with adequate insurance can insure that you are able to repurchase new treasures, replace life’s necessities, and rebuild your standard of living.
If you do not have an inventory, start conducting your inventory today! Need help? Contact me by email for assistance or check-out my book, How to Create a Photo Asset Inventory and Protect Your Investments from Catastrophic Loss.
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To Be Or Not To Be PREPARED! It’s Time for an Insurance Policy Review.
This year, in Nevada alone, we have experienced catastrophic flood, fire, and earthquake. Nationwide catastrophic events have displaced people, destroyed businesses, leveled whole towns and communities, and resulted in billions of dollars worth of damage.
When was the last time you had an annual insurance policy review? Is your insurance agent/broker looking out for you or is he/she merely collecting a fee on your annual premium? While the best agents and brokers periodically contact their clients for an insurance review, as a consumer, ultimately it is our responsibility to insure that we have the protections in place to rebuild our way of life in the event of a disaster, no matter the cause. Blaming the insurance company or its personnel, when we are not accountable for our own inaction won’t bring back our standard of living.
Additionally, our inaction can have a severe impact regionally and locally when we are underinsured or inadequately insured for events outside of the basic homeowner’s peril/casualty policy. One of the biggest problems inherent of a disaster, whether a single incident house/condo/townhouse/business fire or a community-wide disaster is the impact on the community when rebuilding and the repurchasing of services and goods does not occur. Additionally, the loss of businesses, homes, and jobs lessens the sales and property tax revenues collected to support the services we have all come to expect such as police and fire protection, street cleaning, and parks and recreation programs.
Be accountable; have a plan; develop a winning team to protect you in the event of a disaster. Remember, we’re all in this together!
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