A current inventory can also make the claims process easier after a covered loss by documenting your possessions before damage occurs.
To create an inventory:
- Walk through your home with a smartphone and photograph or video each room
- Include closets, storage areas, garages and outdoor spaces
- Update the inventory as you acquire new items
Store your inventory in a secure location and consider keeping a backup copy with a trusted family member or adviser.
Divorce can affect much more than insurance policies. It may also be an appropriate time to review bank accounts, credit cards, automatic payments and other financial documents. The guidebook recommends addressing financial matters early to help you stay organized throughout the process.
Depending on your circumstances, you may want to review:
- Automatic bill payments
- Contact information and mailing addresses
- Shared financial accounts
- Important household records
- Long-term financial plans
Creating a checklist and addressing these items one step at a time can make a complex transition feel more manageable.
The period during and after a divorce often comes with important decisions and adjustments. Reviewing your insurance coverage is one way to ensure your protection keeps pace with the changes happening in your life.
As your circumstances evolve, continue reviewing your coverage after major milestones such as moving, purchasing a home, acquiring a vehicle or making other significant financial decisions. Keeping your policies current can provide clarity and confidence as you move forward.
