"Call me old-school, but I'd still recommend keeping at least a basic paper trail—just in case tech decides to betray you."
I get your point, but honestly, paper can be just as risky—fires, floods, coffee spills (been there...). Maybe the trick is diversifying: digital backups plus a small fireproof safe for key docs?
"Maybe the trick is diversifying: digital backups plus a small fireproof safe for key docs?"
Yeah, diversifying's smart—seen too many clients scrambling after losing docs to floods or corrupted drives. Curious though, anyone here ever had to actually rely on their fireproof safe...did it hold up?
Had a client once whose basement flooded—total nightmare. She kept a fireproof safe down there, and while it wasn't exactly fire-tested, it actually kept the water out. Docs inside were bone dry. Surprised me, honestly... didn't think it'd hold up like that. Still, I'd probably keep digital copies too, just to sleep easier at night.
Glad those docs stayed dry... but speaking of home equity loans, has anyone checked if their insurance covers water damage to important financial papers? Might be worth double-checking your policy details, just in case.
"has anyone checked if their insurance covers water damage to important financial papers?"
Interesting point, but honestly, relying on insurance for damaged financial docs might not be the best strategy. Most policies I've seen treat paperwork as having minimal monetary value—usually just covering the cost of reprinting or replacing them. Digitizing important documents and storing backups securely online might be a more practical safeguard. Has anyone actually had success claiming significant losses for paper documents through their home insurance? Curious to hear experiences...
