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How to Make a List of Personal Assets

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Listing your personal assets can be tedious and time-consuming. Despite the hassle, the effort will pay off when you need to make an insurance claim if your home is broken into or destroyed by fire or flood. You can also use it to determine asset distribution as part of an estate plan. There are a few simple steps you can follow in order to make a list of your personal assets. Writing Your List Select a record keeping system. There are two main ways you can document your list. You can do it by hand in a notebook. This has the benefit of being accessible at any time when the notebook is in hand and can be kept in a safe place. The other option is to use an electronic spreadsheet to keep records, which is convenient and can be easily changed. An electronic list can also be printed, downloaded into the Cloud, or stored on a thumb drive. You can create tables in Microsoft Word or use Microsoft Excel to create your electronic list. You can make headings for each category an
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How to Get the Cheapest Travel Insurance

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Travel insurance prices can vary depending on the type of insurance included in your policy and the amount of coverage you need.  If you are traveling abroad, you may consider getting travel insurance and should be aware about what you will need to cover, such as medical, baggage or cancelled flights.  By comparing plans, talking to other services that provide travel insurance, and weighing the costs and benefits, you can choose the cheapest plan that still covers your needs. Comparing Plans Research plans. This can mean starting online with major travel insurance companies, and then talking to an agent to see what plans are cheapest for your needs.  You can use a number of cost comparison sites, as well as looking closely at plans provided by major travel insurance companies like Travelex and Medjet Assist. You'll want to see if they cover rental car protection, trip cancellation or interruption, medical expenses When you talk to an agent, you may want to ask,
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How to Cancel Life Insurance

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There are many reasons why you many need to cancel life insurance for yourself or a loved one. You may no longer have the funds to pay for the policy. You may want to cash out the money that you have put into the policy, or you may want to cancel a policy with one company so that you can purchase a new policy with a different company. Whatever the reason, cancelling your policy is an easy business transaction that can be handled simply and professionally. Researching How to Cancel Visit the company’s website. If you have a policy with a large national or regional insurer, then it should have a website. Visit the company’s website and see if they have information about cancellation. You can find a website address on any piece of correspondence that the insurer has sent you. Or you can search on the web: type the name of your insurer into your favorite web browser. Look in the Frequently Asked Questions sections to see if there is information about who to contact. Co
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How to Find Out if Someone Has a Life Insurance Policy

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When a loved one passes away, one crucial task is handling financial affairs and funeral arrangements. Life insurance can cover the costs of burial services. It can also reduce the stress of managing a deceased relative’s financial matters during a trying time. As of 2013, over $1 billion of life insurance policies had gone unclaimed. Searching Financial Records Gather important documents. Your first step in determining whether your loved one had life insurance is to gather all documents related to their death. For example, get a copy of their will, if they had one, and death certificate. Some people put information about life insurance policies in their wills. These documents may also help with your search for more information. Often a court will decide the validity of a will and supervise the distribution of a deceased person's assets. This is called "probating." If your loved one’s estate has been probated, you can look at the probate records to see if
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How to Deal With Small Business Insurance

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Making sure your small business is protected against every possible risk is important to your financial security.  If you have an insurance agent or broker, talk about the different types of insurance that are available, and ask for recommendations on which policies might be appropriate for your type of business. Many states also have requirements about what types of insurance must be in place for your small business to operate. Deal with small business insurance by assessing the different types that are available, and putting together an insurance plan that will keep your business covered. Understanding Types of Small Business Insurance Purchase general liability insurance to cover any kind of incident that might happen; including accidents, negligence, libel and slander. Make sure general liability insurance policies include coverage for medical payments, legal fees, property damage, lawsuits and settlements. For example, if someone slips and falls in your office
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How to Buy International Travel Insurance

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If you are planning a trip abroad in the near future, you can buy yourself some peace of mind by learning how to buy international travel insurance. Once considered a taboo subject by travel agents as something that discouraged travelers, agents today tend to be up-front about the importance of protecting your travel plans with some sort of insurance.  The purchase of travel insurance has risen 20% since September 11, 2011, and more than 70% of people going on a cruise purchase insurance. International travel insurance minimizes financial loss and can cover incidents such as illness, terrorism, lost baggage, accidents, and emergency evacuations. Insurance is determined by your risk to the insurance company, and you may have to provide details about your health and what type of insurance you already carry. Steps Determine if travel insurance is right for you buy asking yourself specific questions. What are the chances that you need the travel insurance? The destinati
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How to Expense Lost Time from Insurance Claim

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It will inevitably happen to all of us one day. Driving down the road and Bam !@$!. You got hit. Either you or your insurance company will file a claim to recoup damages from the accident. If you are that one that has to handle it then in most cases you will spend 8-16 hours of your own time handling your claim. This is if you are lucky. Things like finding a reputable body shop or getting a repair estimate takes time. This is time that you would not have had to waste if you were not hit. If you are persistent you can recoup your loss of time. After all the person who hit you will spend less than 20 minutes handling his or her part of the claim. Steps Calculate your hourly rate. In most cases you could use the rate based off you salary if you are not an hourly worker. Keep in mind the value of your time must be realistic if not the flags will go up and you may not receive compensation. Keep good record of the time it take you to perform the duties associated with handling
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