Put your insurance documents in a safe place.

Disclaimer:  The links below are affiliate links, meaning that I may get a commission if you click on them and purchase anything through Amazon.  Any commissions I am paid cost you no additional money and help me continue my blogging efforts.  Thanks!  

Yesterday, you gathered your insurance documents.  Today, you need to put those documents in a safe place.  Where you put them is up to you.  If you have a safe, I would suggest putting them in it.  I have this one, and I like it, especially its ability to hold file folders, although I wish that it had handles because it is heavy and difficult to move.  You could also rent a safe deposit box (I would suggest putting someone else’s name on the box, too, so that it can be opened without a court order should something happen to you).  Until you open a safe deposit box or get a safe, you could even put the (very well-labeled) documents in a freezer bag wrapped in aluminum foil in your freezer.  Just make sure you don’t throw them away while you are cleaning out your freezer.  But no, seriously, spend the money and get a safe as soon as you can.  The one I’ve mentioned above is fireproof and waterproof.  If you have no objections to shopping at Walmart, search for “Sentry waterproof fire safe” on Walmart’s web site, and you’ll find one that might be significantly cheaper there than at Amazon.  (Amazon’s price on mine fluctuates.  Sometimes it’s around $70; sometimes it’s around $100.  Shop around.)

My insurance documents are in page protectors (again, I use these) in a three-ring binder in the safe mentioned above.  They used to be filed in the safe in file folders like the ones you would have in a filing cabinet.  You could even use school folders.  Use whatever you’d like, perhaps what you already have on hand.  The goal is just to get the insurance documents in a safe location where they cannot be easily destroyed and can be easily found.  (Note:  Our loved ones know the whereabouts of the key and the safe, and if you have a safe, your loved ones should know where it and the keys are, too.)

One more thing:  There is no “fireproof” with one of these safes.  “Fire safe” doesn’t mean my safe will burn for hours and be unscathed.  My particular safe, for example, notes the following:  “The HD4100CG model is UL classified with 1/2-hour proven fire protection and ETL verified 1/2 hour fire protection for CD’s, DVD’s, USB drivers and memory sticks up to 1550F. It is also ETL verified waterproof.”  Do your research.  Make the best choice for your budget.

Time required:  10 minutes, max, unless you need to open a safe deposit box or research and buy a safe.


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