Greg Hicks and Kristen Hull are registered representatives of Cambridge Investment Research, Inc. Cambridge and Duncan Financial Group and its affiliates are separate entities.ĭiversification and asset allocation strategies do not assure profit or protect against losses.īrian Duncan, David Duncan, Nancy Conners, Edward Kavo, Alex Kline, Tim Kunkle, Robert McCalmont, Larry Qvistgaard, Frank Zoracki, Don Waite, Ron Kims, Julie Snyder, and Robb Stottlemyer are investment advisory representatives and registered representatives of Cambridge Investment Research, Inc. do not provide tax or legal advice in their roles as registered representatives. Representatives of Cambridge Investment Research, Inc. Each company is independently responsible for the products and services they provide. Financial Planning Services offered through Duncan Financial Planning Advisors a registered investment advisor. Investment advisory services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/ SIPC. Start yours now!Ĭheck out the background of firms and investment professionals on FINRA's BrokerCheck. We hope you’ll never need the home inventory, but preparing for the worst can prevent a lot of hassle later. If the cost of replacing them exceeds these limits, you may want to purchase scheduled personal property coverage. (For example, a 5-year-old TV is usually worth much less than what it would cost to purchase a new one.)įinally, remember your homeowner’s policy covers valuable items such as jewelry, furs, art, and antiques, only up to set dollar amounts. A standard policy typically covers personal property only up to its actual cash value, determined by taking the replacement cost and deducting depreciation, which can be substantial. You should consider full-value coverage, which will pay for the replacement value of your personal belongings. We can assist you in analyzing your insurance needs and help you decide how to most effectively protect your personal property. Remember: Even an incomplete inventory is better than nothing at all. Update your personal property records when you purchase new furnishings and valuables.Store your video or photo inventory offsite so you won’t lose it if your house is damaged.Keep any receipts you have with the list to make the claims process easier.Add brand names and descriptions where you can, especially on large-ticket items.Here are a few tips for completing and storing your inventory: Or, you can use a regular camera and create a home inventory checklist. The easiest way to take an inventory is to use a video camera, recording, and describing items as you walk through your house. Why should I complete a home inventory? What’s the best way?Ĭomparing the value of your belongings to the “contents” limit listed in your policy helps you make sure you have enough insurance to replace them if they are lost, stolen, or destroyed as a result of a covered loss. And if your home is destroyed by fire or some other disaster, having a list of your possessions makes filing a claim easier - and helps you put your life back together. But what about that holiday china in the garage? Or every pair of shoes?Īll of it is regarded as personal property for insurance purposes. It’s easy to remember the cars, the computer, the TV. The fact is most people own more things than they realize. Let’s try a little exercise: Can you list everything you own from memory? Harder than it sounds, right?
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