Insurance

I've complained before to my friends and to the hubster about how so many young adults leave college with absolutely no idea how the real world functions financially.  I left with some basics like pay your bills/credit cards on time or you'll pay interest, but that was about it.  No one talks about insurance (car, home, medical, life, etc) or retirement or loans. You walk into work/bank and sign up for it, but it's tough to figure it out.  I guess one could say it's your own fault that you didn't research it and that it's no one's responsibility to inform you of these things.

Anyway, this post in particular is about home and car insurance.  I'll admit I made a HUGE mistake when I switched from Progressive to Geico for our insurance coverage.  I did not insure the hubster's car with comprehensive insurance.  That would have paid for repairing his broken window when his car got broken into last week.  Oh, well.  Lesson learned there.  I did get that fixed yesterday.

The second lesson has to do with our home insurance.  Since we live in a condo, the condo association covers the insurance for the actual structure while we have insurance for our personal possessions.  Good thing this covers items inside our cars.  So the hubster filed a claim with our insurance company and I was so surprised to see how things add up so quickly.  Anyway, when we first signed up for home insurance I made a wild ass guess about how much our stuff was worth.  Take into consideration we just moved in and we didn't really have a lot of stuff.  After 4 years, we've accumulated a lot of stuff and stuff is not cheap.  After getting the wake up call that in the hubster's car alone there was a significant expense to replace it all, we decided we should up our coverage in the event we do get wiped out by a tornado or fire or something.  We ended up almost doubling our coverage and I'm not sure if that even covers everything.

Perhaps it's time to start taking pictures of our rooms as records in case something does happen.