I know the traditional advice is to store insurance documents in a safe deposit box.
Are you guys comfortable with accessing documents on the insurance company's website - thus eliminating paper/local copies? Is it still smart to save a local copy?
Insurance docs - where to store?
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MachineGhost
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Re: Insurance docs - where to store?
Imagine what a huge solar flare or EMP attack would do to your electronic copy. I think you will have your answer.amdda01 wrote: I know the traditional advice is to store insurance documents in a safe deposit box.
Are you guys comfortable with accessing documents on the insurance company's website - thus eliminating paper/local copies? Is it still smart to save a local copy?
MG
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Insurance docs - where to store?
I store mine in a tin foil lined bunker - so the Mayans can't steal them on Dec. 21st. Honestly it's probably fine to store them in a filing cabinet, or even just access the electronic docs on their website. I would still keep their claims number stored in your phone just in case you need to file a claim and your house is literally underwater or something.
Insurance is a heavily regulated industry and it's highly unlikely that any company would try to screw you on the policy details if you didn't have a paper copy. Also, EMP doesn't make a difference. It is localized, and companies store backup tapes in vaults underneath the mountain.
See http://www.youtube.com/watch?v=rNU-L9c9nzs for a 4 minute video on why the final scene in Fight Club is unrealistic.
Insurance is a heavily regulated industry and it's highly unlikely that any company would try to screw you on the policy details if you didn't have a paper copy. Also, EMP doesn't make a difference. It is localized, and companies store backup tapes in vaults underneath the mountain.
See http://www.youtube.com/watch?v=rNU-L9c9nzs for a 4 minute video on why the final scene in Fight Club is unrealistic.
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou