Our Family Organization Notebook IV
This week is pretty easy (and after all the information we had to gather for last week, that is a good thing). However, having said that, we admit that while the information itself is easy to gather, the job might not be easy because you are going to have some decisions to make that involve money spending, and not necessarily the immediate gratification kind, if you know what we mean.
In review, our family organization notebook is simply a three ring binder that we purchased and decorated so it is pretty and fun and engaging and we love it. This is important because we want to USE this notebook. What is the use of putting all this information together if we don’t use it? As a reminder, here are the eight sections of the Family Organization Notebook that we are going to put together:
- the basics of your family
- an emergency plan for your family
- health/health insurance information
- insurance as it pertains to your possessions, life and such
- your money matter locations and such
- information for an attorney/preparation for legal issues
- information for caregivers, be they taking care of your home, pet, children, parents or what have you
- finally, information on your house itself and what is in it
OK, on to the topic for this week: insurance and your family.
Here at Kattitudes, we truly have the potential to belong amongst the Royalty of Procrastination and we recognize this. Knowing that we have this tendency, we really work on our procrastination tendencies and try not to put off things that we recognize would be disastrous. Things like insurance. Fortunately, it is illegal in the state of Georgia to drive without auto insurance, which means that at least we know that our auto insurance is always up to date.
And while we are required to have home owners insurance as part of our mortgage, we made a decision to also purchase additional insurance to cover the contents of our home in the case of a natural disaster or fire. So while the information gathering section of this week might be simple, you might find yourself facing an obvious omission of coverage. If you find yourself in this position, it is then time to make a decision. Is that omission serious enough to prompt you to spend the money to purchase the insurance? Some people consider insurance a gamble. But is it a gamble you are willing to take? And more importantly, is it a gamble you can afford to take? Those are questions that only you can answer for your family, but the questions do need to be asked and answered.
Insurance Basics:
Homeowners Insurance:
-
Company
Policy Number
Agent Name
Phone
Rental Insurance (even if you own your home, this insurance can be called contents coverage, and is still purchased to cover the contents of your home)
-
Insurance Company
Policy Number
Agent Name
Phone
Valuables Insurance (this is not contents or rental insurance, but specific additional coverage for high priced items such as jewelry etc)
-
Insurance Company
Policy Number
Agent Name
Phone
Health/Vision/Dental Insurance (it is important to note that these may not be covered under the same insurance policy)
-
Insurance Company
Policy Number
Agent Name
Phone
-
Insurance Company
Policy Number
Agent Name
Phone
-
Insurance Company
Policy Number
Agent Name
Phone
Life Insurance (Yes yes, we all hate the idea, but sometimes it is a necessity. And even though it seems silly, if you get those special add ons from work or the bank or what have you, add them here so that your family can find them if they lose you unexpectedly).
-
Insurance Company
Policy Number
Agent Name
Phone
-
Insurance Company
Policy Number
Agent Name
Phone
-
Insurance Company
Policy Number
Agent Name
Phone
Disability Insurance
-
Insurance Company
Policy Number
Agent Name
Phone
Liability Insurance
-
Insurance Company
Policy Number
Agent Name
Phone
Pet Insurance
-
Insurance Company
Policy Number
Agent Name
Phone
Long Term Care Insurance (OK, now this is the time to be real. It’s just you sitting here. Think about your health and what you know about your genetics and how you are taking care of yourself. What kind of medical care are you going to need as you age? And then ask the same questions about the members of your family. Only you are going to have those answers. A quick web search could get you enough information about what long term care insurance could provide for you to tell you if you think you would need it.)
-
Insurance Company
Policy Number
Agent Name
Phone
Mortgage Insurance
-
Insurance Company
Policy Number
Agent Name
Phone
