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Community theater is back! - The Spectrum Magazine - Redwood ...

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Insurance Tips: Homeowners Insurance and Keeping Track of Your Goods<br />

By Russ Castle, Special to <strong>The</strong> <strong>Spectrum</strong><br />

Homeowners insurance <strong>is</strong> an invaluable<br />

investment for every homeowner. If your<br />

house went up in flames and you lost<br />

everything, would you be able to recall<br />

everything you owned, including the<br />

items’ values? If you came home from<br />

work to find someone had burglarized<br />

your home, would you be able to account<br />

for everything that had been taken<br />

or destroyed? While some items are<br />

priceless or have sentimental value,<br />

memories unfortunately are not sufficient<br />

for filing a homeowners insurance claim<br />

in the wake of a d<strong>is</strong>aster.<br />

In times of d<strong>is</strong>tress, you shouldn’t have to worry<br />

about whether your possessions are covered or<br />

not. If you purchase homeowners insurance, it <strong>is</strong><br />

important to know what your policy covers. Not<br />

sure what’s in your homeowners policy? That<br />

topic will be covered in a future article.<br />

Your homeowners insurance, ideally, will replace<br />

the cost of what you lose in a d<strong>is</strong>aster. More<br />

important, however, <strong>is</strong> the fact that you will be<br />

compensated only for what you can account for.<br />

In other words, fond memories are heartwarming,<br />

but they will not reimburse your losses in a<br />

catastrophe.<br />

“But how will I account for<br />

everything I lose in such an event?”<br />

Well, the most accurate way to keep track of your<br />

items would be to take an inventory of everything<br />

you own. While th<strong>is</strong> <strong>is</strong> a process that could take<br />

months to complete, it <strong>is</strong> your most worthwhile<br />

strategy should you experience m<strong>is</strong>fortune.<br />

“What do I need to include in th<strong>is</strong><br />

inventory?”<br />

Put simply: everything. <strong>The</strong> more you can<br />

account for in your homeowners insurance claim,<br />

the more likely you will be reimbursed. <strong>The</strong><br />

l<strong>is</strong>t should be as detailed as possible and should<br />

include appliances, carpets, jewelry, furniture,<br />

linens, antiques, furniture and the l<strong>is</strong>t goes on. To<br />

get your money’s worth, go from room to room<br />

and be sure you are as descriptive and detailed as<br />

possible.<br />

Include:<br />

1<br />

2<br />

3<br />

4<br />

5<br />

6<br />

7<br />

8<br />

9<br />

A description of the item (including the<br />

quantity)<br />

<strong>The</strong> manufacturer or brand<br />

Any model or serial numbers<br />

A description of where or how the item was<br />

attained<br />

<strong>The</strong> date of purchase or age of the item<br />

Receipt or other proof of purchase that<br />

shows the cost<br />

<strong>The</strong> current value<br />

<strong>The</strong> replacement cost<br />

Photocopies of appra<strong>is</strong>als<br />

“I’ll never complete th<strong>is</strong> process!”<br />

Keep in mind that while th<strong>is</strong> documentation<br />

process may be time-consuming, it <strong>is</strong> certainly<br />

easier than remembering everything you own.<br />

Don’t let th<strong>is</strong> task d<strong>is</strong>courage you. Take photos.<br />

Even better, make a night out of it. Grab your<br />

video camera and go from room to room to create<br />

a v<strong>is</strong>ual and verbal description of your items,<br />

l<strong>is</strong>ting everything in the room (e.g., 42-inch Sony<br />

flat-screen TV, model number 7893743798, serial<br />

number yuy47878; 15 dress shirts; 9 polo shirts,<br />

etc.). It might take you an hour to document your<br />

entire house. Regardless of how you complete<br />

your inventory, remember that your compensation<br />

rests on the quality of your documentation.<br />

“I’ve made the inventory; now what?”<br />

It <strong>is</strong> likely you invested a good amount of time<br />

to document your items. Whatever you do, keep<br />

that homeowners insurance inventory safe! If an<br />

unfortunate event comes your way, you certainly<br />

do not want your hard work to go to waste. Store it in<br />

a relative’s home, a lockbox, a safety deposit box<br />

or keep it tucked away in your office desk. While<br />

memories and keepsakes can rarely be replaced,<br />

it’s comforting to know your homeowners<br />

insurance will keep you financially secure should<br />

you have properly documented your items.<br />

Editor’s note: Th<strong>is</strong> article was written by Russ Castle<br />

of Castle Insurance Agency, a licensed and experienced<br />

insurance resource center fully prepared to help you navigate<br />

the process of changing or gaining a policy. If you need<br />

insurance help, call him at 650-364-3664.<br />

Advert<strong>is</strong>e with <strong>The</strong> <strong>Spectrum</strong><br />

Call Us Today<br />

650.368.2434<br />

Senior Activities<br />

<strong>The</strong> Veterans Memorial Senior Center,<br />

1455 Mad<strong>is</strong>on Ave., <strong>Redwood</strong> City,<br />

<strong>is</strong> providing the following activities<br />

that are open to the public during<br />

the month of August.<br />

Friday Movies for Everyone<br />

Every Friday, 1:15 p.m. (unless otherw<strong>is</strong>e announced)<br />

Come to the Veterans Memorial Senior Center for a<br />

free feature movie in our state-of-the-art movie <strong>theater</strong>!<br />

Aug. 6: “Extraordinary Measures”<br />

Aug. 13: “<strong>The</strong> Bounty Hunter”<br />

Aug. 20: “Green Zone”<br />

Aug. 27: “Brooklyn’s Finest”<br />

Retired and Senior<br />

Volunteer Program (RSVP)<br />

Free Lecture<br />

Wednesday, Aug. 25, 11 a.m.–12 p.m.<br />

<strong>The</strong> Retired and Senior Volunteer Program<br />

(RSVP) <strong>is</strong> a nationwide network of experienced<br />

adults who contribute their time and talent<br />

to important programs that strengthen their<br />

communities. Come hear Deborah Owdem,<br />

program director for RSVP of San Mateo &<br />

Northern Santa Clara Counties, speak about<br />

current opportunities, how they match volunteers<br />

with organizations and the benefits awarded to<br />

RSVP volunteers.<br />

New and Improved Lunch Program<br />

Tuesdays, Wednesdays, Thursdays, 12 p.m.<br />

Starting in July, Carroll’s Meats of Br<strong>is</strong>bane<br />

will be providing lunches Tuesdays through<br />

Thursdays at the Veterans Memorial Senior<br />

Center. <strong>The</strong> Carroll family came to San Franc<strong>is</strong>co<br />

in the early 1900s and helped found “Butcher<br />

Town.” <strong>The</strong> Carroll family brings th<strong>is</strong> h<strong>is</strong>tory to<br />

your table. Carroll’s products are created using<br />

special marinades. From house-roasted main<br />

courses to gourmet deli meats and side d<strong>is</strong>hes,<br />

Carroll’s has everything you could want or need.<br />

<strong>The</strong> lunch price will remain the same at $5, but<br />

the food will be cooked on-site. Our current cook,<br />

Ruby, will still be making her famous soups and<br />

desserts. Lunch at the VMSC includes housemade<br />

soup, cooked-on-site hot entree and yummy<br />

dessert, along with milk or coffee, all for just $5.<br />

It’s the best deal in town!<br />

To learn more about the Veterans Memorial<br />

Senior Center, call 650-780-7270. <strong>Redwood</strong> City<br />

Parks, Recreation and <strong>Community</strong> Services<br />

Department provides recreational facilities and<br />

activities for all ages and interests, and supplies<br />

building and custodial services for city buildings.<br />

<strong>Redwood</strong> City Parks also operates the Veterans<br />

Memorial Senior Center and the Fair Oaks<br />

<strong>Community</strong> Center, providing social, educational<br />

and cultural activities, as well as information,<br />

referral and counseling services to persons living<br />

in <strong>Redwood</strong> City and neighboring communities.<br />

<strong>Redwood</strong> City Parks <strong>is</strong> more than you think! Its<br />

website <strong>is</strong> www.redwoodcity.org/parks.<br />

<strong>The</strong> <strong>Spectrum</strong> 29

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