Can You Shred Insurance Files

Mar

10

2022

Yes. We can help you with all of your insurance document shredding services and comply with the latest SOX and HIPAA regulations. Most of our life insurance agents in Boston MA, schedule our service on a Quarterly basis to keep the flow of documents under control and regain their office space.

Keep for a short time

Ensuring that you have these records until they are verified can provide proof of the transaction until it’s officially posted.

  • Utility bills – Shred or delete after verifying payment on your bank or credit card account.
  • Debit/credit card receipts – Keep until you’ve checked them against your monthly statement.
  • Bank statements – Consider printing out last month’s statement in case of a data breach so you can prove your balance. Shred the old statement when you print your newest one.
  • Retirement plan statements – Keep quarterly statements until you receive your year-end statement.
  • Home, auto and umbrella policies – Keep until you get your new insurance policy. For auto insurance, most states accept electronic versions of your insurance card, but it may also be smart to keep a printed version in your glove compartment.

Keep important records forever

Because photocopies or scanned images of legal papers are usually not valid, store originals of these:

  • marriage licenses, divorce and custody decrees.
  • birth, adoption and death certificates.
  • wills, trusts and financial and medical powers of attorney.
  • passports and citizenship papers.
  • military records.
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