Archive for November 2014

How Long do You Have to Keep Important Papers?

How Long do You Have to Keep Important Papers?

Piles of paper in your home can be very bothersome. However, you should avoid throwing away all of your papers since some may be needed in the future. Do you know how long to keep important papers? Keep these guidelines in mind to ensure that you do not throw away any important documents.

  • Tax documents – you should keep all of your tax documents, including receipts and W-2 forms for at least seven years. The IRS has up to six years to audit your taxes if they think that you have underreported your income.
  • Investment records – as long as you own the securities, you should keep any investment records. Even after you sell any investments, you should keep any records for at least seven years in case you have to prove capital losses and gains.
  • Bank statements – you can throw away your back statements each month. You should only keep them long enough to check the accuracy of your account. If you accidently throw them away, they will be available online through your bank.
  • Retirement plan statements – typical retirement plan statements should be kept for one year. If you have a Roth IRA, keep all statements until you retire so that you can prove that you have already paid all taxes on your contributions.
  • Credit card statements – shred all of your credit card statements as soon as you check the accuracy. Credit card statements are one of the easiest ways for thieves to steal your identity. If you accidently throw them away before you are able to check the accuracy, they will be available online.

Having the right insurance policies is the best way to ensure that you have the right amount of coverage in case of any unfortunate situation with all of your important documents. Contact the insurance professionals at the Insurance Agency of Dean Davis in Austin, Texas for all of your insurance needs.

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Stay Safe with These Thanksgiving Safety Tips

Stay Safe with These Thanksgiving Safety Tips

Happy Thanksgiving from Dean Davis Insurance! If you are traveling this holiday, it is important to make sure you know how to protect your home and family. Keep these Thanksgiving safety tips in mind to ensure that the whole family has a fun and safe Thanksgiving.

  • Remove any objects that could be used to get into your home. If you used a ladder to clean out your rain gutters, make sure it is safely put away so that nobody can use it to get into a window.
  • Do not post your travel plans on any social media site, such as Facebook or Twitter. If you do, burglars will know exactly how much time they have to break into your home.
  • Turn down the volume of your telephone ringer so that it cannot be heard outside. Check your messages when you are away so it does not look like you are gone.
  • Have the post office hold all of your mail so that it does not get delivered to your home while you are away and piles up.
  • Do not leave a hidden key in your front yard since burglars know all the best places to look. If you need to leave a key, leave it with a trusted neighbor.
  • Lock all of your windows, even the ones on the second story. Also, make sure to cut all tree branches to prevent burglars from climbing into the window.
  • Install motion sensor lights to alert neighbors if someone is trying to break into your home.

Most importantly, make sure that you have the right homeowners insurance policy to provide protection in case of any unfortunate event. Contact the Insurance Agency of Dean Davis in Austin, Texas for all of your homeowners insurance needs.

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Protect Your Big Day with the Right Insurance Policy

Protect Your Big Day with the Right Insurance Policy

Getting married is one of the most special moments of your life. While planning for your big day, it is important to make sure that you protect your wedding with the right insurance policies. Keep these tips in mind to ensure that your married life is as blissful as you imagined.

  • Cover your engagement ring. The average cost of an engagement ring today is over $5,000, which is a huge investment. Even though the bride will probably not want to let the ring out of her site, accidents happen. Insurance coverage for your ring will provide coverage in case the ring is stolen or falls down the drain.
  • Let your auto insurance provider know that you got married. Studies have shown that married people are in fewer car accidents than single people, which can help reduce the cost of your auto insurance premiums. The complete cost of your auto insurance policy depends on many different factors so make sure to check with your auto insurance provider.
  • Look for the right discounts. If you and your new spouse have separate vehicles, you may qualify for a multi-vehicle discount. You may also qualify for a multi-policy discount if you bundle your auto insurance and homeowners insurance policies. The savings on your insurance premiums will help make sure that you start your new life as financially stable as possible.

Most importantly, make sure that you have the right wedding insurance policy that will provide protection on your big day. For all of your insurance needs on your big day and when starting your new married life, contact Dean Davis Insurance in Austin, Texas. We will work with you and your new spouse to ensure that you have the right amount of coverage, all at the right price for your new life.

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SR-22 Basics

SR-22 Basics

Many people have heard of an SR-22, but not many people know exactly what it is. Luckily, you will not have to deal with an SR-22 as long as you have a safe driving record and do not have any lapses in your auto insurance coverage. Keep these SR-22 basics in mind to ensure that you know what it is if you ever have to use it.

An SR-22 is also known as SR-22 insurance or a Certificate of Financial Responsibility. However, an SR-22 is not an insurance policy, but verification that you have liability coverage for your auto insurance. An SR-22 is a state mandated certificate that your auto insurance provider files with the Department of Motor Vehicles.

Most people on the road do not need an SR-22. A person is required to have an SR-22 if they were convicted of a traffic offense or were in an accident and could not show financial responsibility. You will also need an SR-22 if you have a DUI or DWI.

The cost to file an SR-22 is only around $25, but it requires you to show proof of auto insurance. Auto insurance providers consider people with an SR-22 high-risk drivers, so your auto insurance premiums will be much more expensive. Once you get the right auto insurance coverage, your insurance provider will file the SR-22 on your behalf. Keep in mind that if you move to another state, you will have to make sure that your liability limits and SR-22 requirements meet the new minimums in the state.

For all of your auto insurance needs, no matter your situation, contact Dean Davis Insurance in Austin, Texas. As an independent insurance agency, we will work with you to ensure you have the right amount of protection!

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