Why homeowners outside of Gordon’s path should check their insurance

Personal Finance

One of the last things you want to deal with when your home is damaged is not knowing where your important records are.

“There are some documents you will need right away after a disaster or tragedy strikes, and others that you may not need right away but will be very difficult to replace if they are lost or destroyed,” said Neal Stern, a CPA and member of the American Institute of CPAs’ Financial Literacy Commission.

Make sure records such as your insurance policies, title to your car, birth certificate and the like are safely stowed in a fire- and flood-proof lockbox or similar option (i.e., a safe deposit box at a bank).

Stern also recommends keeping copies of important documents in a location away from your home, such as with a relative or close friend. Or, if you have online cloud storage, you can keep copies there.

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