Gyroscopic Investing

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?

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?

Imagine what a huge solar flare or EMP attack would do to your electronic copy.  I think you will have your answer.

MG

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.