If you keep
important documents like birth certificates, land titles, and wills
in a sturdy binder, give yourself a pat on the back—not many are as
organized as you. However, while organizing your documents will
ensure that they won't be misplaced, they may still be lost due to
factors completely out of your hands. Below are two major disasters
that you should protect your documents against:
Flood
While a little
rain never hurts, heavy downpours may cause nearby rivers and other
bodies of water to overflow. When they do, the flood waters will not
only damage your home, but can also claim your important documents.
Keep in mind that flash floods can occur with very little warning and
can reach dangerous levels in a matter of minutes.
Fire
Fires can be
caused by any number of reasons—a candle left burning in the
bedroom, a faulty heater in the basement, a frying pan left
unattended in the kitchen. Even with a fire alarm installed, a house
fire can become uncontrollable and widespread in just about three
minutes.
Before you can
file an insurance claim after the catastrophes mentioned above, you
have to present documents like your insurance policy first. Hence,
it's recommended to have copies of these documents kept in a secure
portable box and have the originals stored off-site in a rented
safety deposit box or in a vault of a document management company.
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