We had a bad storm on Saturday. Lots of lightning...which hit close to our house. We lost our computer, our vinyl cutter, and modem. The printer survived and luckily my laptop was not plugged in. So far, it should cost about $2300 to replace. Insurance deductible is $1974, so it just doesn't make sense to file a claim. So, we have to come up with $2300 more dollars now. Feeling discouraged. The computer is used for work (for our business) and so is the vinyl cutter. And we were going to use th vinyl cutter to make some extra money. So I'm not sure what to do. We have to have another $200 by the end of this month so we can pay to have the dogs fixed. The computer should be about $500. And we need that as soon as we can do it. And the vinyl cutter is not an emergency, but we do use it for work. So we would like to replace it sooner than later.
I feel guilty for trying to pay off my credit cards now. Should I start putting the extra money towards this problem and extend the debt? I really wanted everything paid off by then end of the month.
Blah
Well...our electronics are fried
September 8th, 2014 at 06:59 pm
September 8th, 2014 at 07:42 pm 1410205378
You might need to lower your deductible on insurance if you don't even have that much in your emergency fund...or get a bigger EF! What if this emergency was a fire caused by lightening to your home?! Where would you get that $2K?
September 8th, 2014 at 08:14 pm 1410207297
Side note - I didn't know that our insurance was a 1% deductible for everything. I thought personal property would be lower. Maybe $500. I was wrong.
September 8th, 2014 at 08:20 pm 1410207601
I appreciate the reminder about electronics and lightening!!
September 9th, 2014 at 05:42 pm 1410284564