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Posts tagged with: Insurance

Diving into our Emergency Fund…Again

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We received an interesting letter from our insurance company. They ‘asked’ us to install safety flood lighting in front of our home due to the continuation of the seemingly never-ending legal battle we’re in. If changes are not made by the date listed, we would be dropped.

Murphy’s Law has moved in to our home.

Let’s see, the incident happened nearly three years ago, didn’t happen on my property, and wouldn’t have been prevented by flood lights but…

Sure. Now seems like a great time to demand a change (To be fair, there are 5 watt nightlights brighter than our porch lamp so I can’t exactly fault them for saying we are inadequately lit).

My husband knew how to run the wire and install the fixtures but the $300 price tag for materials pushed us over the edge. We had to…

Dive into our emergency fund.

The whole weekend, as my husband made repeated trips to Lowes, I tried to figure out how we could possibly pay for it without dipping into our emergency cash.

When the job was done, my husband suggested we recycle the stack of cans he had been saving and I thought, ‘Sure. $5 of recycling is going to save us’ but went along anyway to help him sort the bottles and cans.

30 minutes of sorting in 95 degree heat really helped my attitude problem.

How much did we net at the recycling place? $477.85.

How? My husband took the $27.85 earned from recycling and, since neither of us had our wallets, lifted the lid to put it in his truck center console and found a $450 check payment from a side job he was paid for a month and a half ago and forgot about. (Yes, that was a long run-on sentence)

If I wasn’t so happy about putting it back into our emergency fund, I probably would have smacked him for forgetting about it in the first place.

Emergency floodlights and part of the vet bills… covered. Whew!


Negative Net Worth…

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Buried somewhere deep inside my life insurance application is an awful question…

‘What is your total net worth?’

I calculated my mortgage debt, subtracted my tiny home value, added my student loan debt and my auto loan debt, and then subtracted my liquid cash. The total? An astonishingly huge negative number representing my net worth.

Not wanting to stop at the large, large, large negative number, I added the amount in our retirement accounts (though technically locked up for the next 27 years under mounds of government and ESOP paperwork).

I landed at a number closer to zero but still negative none the less.

I received the following question from my insurer:

PLEASE EXPLAIN WHY YOUR TOTAL NET WORTH IS A NEGATIVE NUMBER.

Yes, they wrote it in all caps. As if I needed a reminder that I’ve made some pretty large financial snafus. Little do they know that if my number landed anywhere close to zero, they’d find me dancing excitedly like a lunatic on top of the bus I take every day.

I sent a long explanatory e-mail to the agent and figured she’d understand. Instead, I received a disdainful, ‘Fine. I’ll alert your Case Manager.’

Certainly I can’t be the only one with an insanely underwater mortgage that throws off my net worth right? Let’s do a poll. Is your net worth a positive or negative number?

And if you see 14 comments after I post this that say ‘positive’ and you’re about to say ‘positive’ as well, say ‘negative’ just to make me feel better.

Have mercy.