Keeping track for insurance and planning
I was sitting here and remembering when my wife and I were robbed some 15 yrs ago and how she lost all of her jewelry. π’π€¬ And I thought I would share with the group some of the things to think about when it comes to not only your watches but all things of value in your home. Every couple of years I do a new estate plan and also a full insurance audit both for my home and my business. 1 of the things we learned after the robbery is to have good documentation (and pictures) of all your items. How many of you do this? Every time I buy a new watch (in this example) I have it listed in my homeowners policy, I also keep the receipts, but I also take detailed pictures of the watch front/back etc and store them in a secure place. You would be surprised how under insured you can get without even knowing it. My wife lost ALL of her jewelry including things left to her by her grand mother that can't be replaced, but even if they could our basic insurance wouldn't have even covered 1/10th of what was lost so we had to rebuild on our own. Just thought I'd mention this to everyone as we all have things we don't ever want to lose but if you did would you be able to without the proper insurance? Just a thought