Reason no. 5: Your dollars aren’t covered by insurance
According to a certified financial planner, AnnaMarie Mock both renters and homeowners insurance policies provide no (or little) protection when it comes to hidden piles of cash stuck somewhere in your home.
While homeowners insurance is indeed a form of property insurance meant to cover damages and losses to someone’s house and assets, it doesn’t mean that a big chunk of cash is part of them.
In general, homeowners and renters insurance policies cover a really small amount of cash in case of robbery or destruction. Mock added that the cash limits vary based on the insurance company’s policies.
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So, how would you like to plead? Guilty or innocent?Â
