Another important item to include is pictures or a video of your home, inside and out, with all your personal property on display. I know one customer of mine who wasn’t being fairly treated by his homeowner’s insurer after he lost his home in a fire (total loss from a faulty electric blanket). Only when his niece reminded him that she had taken a very detailed video of the entire home, including inside the closets, did his insurance company relent and pay him what the home and its contents were worth. That video was worth its weight in gold!
You may never need a Financial Bug-Out Bag
Let’s hope you don’t. But in the meantime, get your valuables appraised and make sure your current homeowner’s or renter’s insurance policy provides enough coverage for the appraised items. You can also attach insurance riders for most of those items.