Welcome to our monthly Economic, Capital Market, and Financial Planning tip of the month.
This months Financial Planning Tip of the month is when you may NOT want to file an insurance claim !
Once again a special thanks to all of YOU … the best clients and friends, as your experiences have again given us the subject matter for our Financial Planning Tip of the Month.
For those new to our writings, we touch on the most pertinent Financial “stuff” along with a video of my mug that has even more specialized details of the latest month as well as this post.
When NOT to file an insurance claim
- Deductible is near the full value of claim or the net claim is very small — not worth the ding on your history
- Inability to prove value of claim- i.e. Jewelry
- Coverage amount has greatly declined/depreciated – old roof
Thinking of insurance as a major dollar safety net (not piggy bank) is a good idea and will keep you on the correct path in most cases. Also… One of the biggest reminders is to know your coverage and think twice about calling your carrier as you may end up with a chink on your record, just by calling!
Give us a call if you have any confusion/questions!
Commodities falling No more – Maybe?
Last month we mentioned commodities- oil had fallen dramatically.
Certainly could go lower. Hated by many – Zig when others Zag!
Suddenly there is life in oil and commodity related instruments.
Time will tell!
Have a Great Day!
John A. Kvale CFA, CFP