Property Record Book for Insurance

Today's Record Book is one I hope you will use --- and then never need!


Property Record Book for Insurance

A few years ago, a friend of mine had his house burn down. He is a doctor and had a VERY nice house. It opened the 6 oclock TV news and it made the front page of the Couier Journal the next day. It's not often you see one of those huge mansions completely burning like his was.

Fortunately it started during the day and no one was home or hurt.

However, he and his family lost everything.

Now, as I said, he is a doctor and he does very well. He has plenty of insurance, so there was no need to shed any tears over materal things. He did lose many priceless memories but, unfortunately, there is nothing we can do about that. (I do recommend saving all your priceless photos and papers as copies or scans in a separate location. But that is another article)

What concerns us today is what he told me when we saw each other a couple of months after the fire. He asked me if I would help him make some copies for his insurance company.

What a Mess!

When he showed up he had a box filled with 3 of the "fullest" binders I have ever seen. Jammed into 3 three-inch binders were printout, receipts, reports, photos and 1000's of other pages.

He, his wife and two daughters had spent the past 2 months trying to remember what they had owned, searching for it on the internet and in stores and then recording their findings. THEN they were going to (probably) have to fight with the insurance company to get the money to replace their belongings (that's the reason he needed the copies and my help.)

His Advice

His advice to me resulted in today's Record Book. He said to go home and record what I own. Save receipts if I have them. Take pictures of everything as proof.

I went home and took his advise. I made a book (similar to today's) and it is now stored at my parent's house. I don't own anywhere near the house or belonging he did, but I would like to get them back.

God forbid a tragedy ever happens to you or your family. But if it does -- be it fire, flood, tornado, theft or whatever -- save yourself the second "tragedy" of not getting what you deserve from the insurance company.

Using the Book

I believe the book is pretty self-explanatory. I have a detailed page (and a separate one for electronics) and a simpler page. I have a tragedy page that I hope you will never need to use. And I have a page to tape or staple your receipts and photos to. Make as many of each page as you need and three-hole punch them. After you fill them out, be sure to store them in a safe place AWAY from your house (it doesn't do you any good if the Record Book burns up, too.)

If you are unclear on any part of this Book (or any other list) please do not hesitate to writer to me.

Mark

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