Planning a log cabin or timber frame home should include plans for how and where you will store valuables and keepsakes. The Honest Abe Log Homes Design Team can help you plan compartments and secure storage.
There are several options for securing hidden money or valuables at home:
- Use a safe: A safe can be a secure place to store valuables. You can choose from a variety of sizes and types, including floor safes, wall safes, and safes that can be bolted to a surface.
- Hide valuables in plain sight: You can hide valuables in plain sight by disguising them as everyday objects. For example, you could place a stash of cash inside a book or hide jewelry in a container that looks like a cleaning product.
- Use a hidden compartment: You can create a hidden compartment in your home by installing a false bottom in a drawer or using a secret panel in a wall or floor.
- Rent a safety deposit box: If you have valuable items that you don’t need to access regularly, you can consider renting a safety deposit box at a bank or other secure location.
- Use a home security system: A home security system with sensors on doors and windows can alert you if someone is trying to break into your home and potentially access your hidden valuables.
Remember to be cautious about revealing the location of your hidden valuables to anyone, and consider changing the hiding place occasionally to further deter potential burglars.
Once you have secure storage places, you should also consider what type of insurance you may want to include for the specific items in those secure storage spots.
There are a few factors to consider when determining how much insurance to get on your home and contents:
- The value of your home: You should insure your home for its replacement value, which is the cost of rebuilding or repairing your home if it were destroyed. This may be different from the market value of your home, which is the price it would sell for on the real estate market.
- The value of your personal belongings: You should also insure your personal belongings for their replacement value. This includes furniture, electronics, clothing, and other possessions.
- The type of coverage you need: There are different types of coverage available, including standard homeowner’s insurance, which covers the structure of your home and your personal belongings, and additional endorsements, which provide coverage for specific types of losses, such as flood or earthquake damage.
- Your risk profile: Your insurance premiums may be affected by your risk profile, which is based on factors such as the location of your home, the age and condition of your home, and your claims history.
To determine the right amount of insurance for your home and contents, you may want to work with an insurance agent or broker who can help you assess your needs and recommend the appropriate coverage.
