If you’re facing a fire or flood at home, you could have only a few minutes to collect and secure important documents. The list of papers to keep include financial and medical paperwork like birth, marriage or death certificates as https://1dataroom.com/top-5-due-diligence-data-room-providers well as passports and other ID as well as insurance policy information as well as deeds and title documents. Replacing these documents is difficult and time-consuming, which is why it’s essential to secure them in case a catastrophe strikes. The best method to do this is to take inventory of your documents, making additional copies to be easily accessible and keeping them in a secure safe.

Bank safe deposit boxes are a great place to keep important documents. If you can’t afford it then you can purchase an insurance-compliant safe for documents and set it in your home. These safes come in various sizes, and they can hold hanging file folders. Choose a safe with strong locking mechanisms to prevent break-ins. It must also have a ULC rating of at least one hour at temperatures of up to 1,700 degrees F.

You can also utilize an office drawer or cabinet with a combination or key lock to secure important documents from theft. However, it doesn’t provide any protection from natural disaster, and your documents may be prone to destruction by heat or humidity. Consider using a file system with labels to protect papers. Keep them organized in labelled boxes or envelopes so that they don’t get lost or destroyed by accident.