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Team Cocco Financial Planning

Property & Casualty Observation Report

IFR Module 215 -- P&C Assessment & Action Steps

Client Information

๐Ÿš— Vehicle 1

๐Ÿ  Property 1

Action Steps

Check each action item as you complete it during the review process.

Review deductibles -- ensure they align with client's liquid savings and risk tolerance
Review liability limits -- compare to net worth and exposure; recommend umbrella if needed
Review uninsured/underinsured motorist coverage -- should match or exceed liability limits
Review PIP / Medical Payments -- confirm adequate coverage for medical expenses after accident
Add or drop vehicles -- verify all vehicles in household are listed and rated correctly
Change address -- confirm all policies reflect current address; update if recently moved
Store policy documents -- ensure copies are in centralized filing system (physical & digital)
Contact current agent -- discuss findings, get updated quotes, or request endorsements
Review replacement cost vs. actual cash value -- ensure dwelling is covered at full replacement
Evaluate flood insurance need -- especially in Florida; standard homeowner's excludes flood
Check for available discounts -- multi-policy, security system, claims-free, safe driver

P&C Observation Report Summary