How organized are you?
May 23, 2008
After hearing about the devastation caused by tornadoes and other severe natural disasters people who have been fortunate enough not to have been involved in them should take an opportunity to record room by room what is in their residences, starting with big ticket items. This advice comes from Robert, Weagley, chair of the department of personal financial planning in the University of Missouri's College of Human Environmental Sciences.

This advice, of course, is for those homeowners or renters who have insurance and would need to justify any future losses. Having photographs of the items along with a description and evaluation eliminates the necessity of trying to piece together damaged items and argue with an insurance adjuster for compensation. Naturally, this documentation should be kept in a safe place, preferably a safety deposit box in a bank or in a metal box in a corner of a basement.

MU Extension state specialist Brenda Proctor in addressing issues after a loss reminds everyone to save receipts for temporary lodging and food if their homes are no longer livable. And she says that workers from the Federal Emergency Management Agency (FEMA) or the Red Cross will assist people in reaching their insurance adjusters. Claims must be filed within the policy's imposed limits.

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