The next Stefan Good Day download with Doug and Jay Kirshner is made possible in
part by Keltren, which is the safe way for you to lose weight and
keep it off, and also by prevagent keeping your brain healthy. Get ready
for the weekend, and here to help you prepare for your weekend jobs,
your assignments. You've been told to paint the garage. Oh, Tommy's here
to help you out as far as that can go. Tom Kreisler, who's
the co host of the money Pit Homer Provement radio program heard around the country
in a lot of the same stations to carry this program, The money Pit
Radio program, the money Pit Podcast at your Service, the money Pit newsletter.
Wow. So many sources of info plus our listeners have questions. A
lady named Sue wants to know of old paint expires. It depends on who
you ask. With me. No, as long as it's not solid,
I'll use it. Oh, but that may not be yours. So many
of us have extra paint it from projects over the years. You know,
and never go down till you never send it to me. Doug Stefan at
Gmail. I'll take all old paint and use it around the farm anyway,
go ahead else I do agree though. So here's the thing, thug.
You have oil paint and then you have latex paint, and they neither of
them. I think if you ask the manufacturers, they'd probably tell you somewhere
in the area of five to ten years. But if you preserve that paint
in the can it's not hard like you say, then it actually is actually
nothing wrong with it. I've used old paint frequently. But the key is
this, it's how you store it, right, So I'll give you a
trick of the trade. When you put the paint back in the can.
When you've done with the paint can, you've got to clean out that rim.
If you don't clean out that rim of the paint can seal, it
won't see it. Secondly, when you open it, and then you can't
get it open when it hardens either. Right, Well, it's much harder.
Yeah, when you open the paint can the first time, take a
screwdriver and poke some holes in the bottom of that rim and helps it drain.
A couple of taps all the way around. I put like four or
five holes in the rim when I open it up. And then last year.
That is the best trick. When you're closing all up, you clean
the rim store the pink can upside down on the shelf because the paint will
seal, will help seal any gaps that are in that rim. Eric on
that rim turn upside down. It's not gonna get past it. Ingo,
All right, aren't you glad you're listening to this program? Ladies and gentlemen
who knew that? Even I, who have done home projects and farm projects
and building projects around the clock around the year, I never knew that.
So there we go. Thank you, Tommy. That's very good. All
right, I'm going to tell you a quick story. This week. I
had my insurance on my homes and buildings on the farm. I had it
renewed. It's right little time, and so I had the agent come.
I didn't ask her to, but she came and was looking at the house
and looking at the barns and looking at all the outbuildings and stuff, and
says she looked at how much I had them insured for under the old policy,
And she said, do you realize what will happen if these buildings are
destroyed? You're going to get wiped out because you don't have enough coverage.
Now. At first I thought this was some insurance lady trying to sell me
a bigger policy, right yeah, But then I looked into it, and
it doesn't cost that much more. I don't like insured, I like vetting
on myself, frankly, but I thought, in a practical sense, if
I'm going to truly protect myself, it's only going to cost like a couple
three hundred dollars more for hundreds and hundreds of thousands of dollars of better coverage.
So we must get you must get questions about this all the time,
right, So was it because the value was less or was it because it
was not didn't have replacement costs? Both add to the policy. Yeah,
okay, yep, So we should talk about that. So, I mean,
you've got to you've got to insure for the current value of the property,
number one. Secondly, you've got to add an addendum for replacement costs,
which basically means whatever it cast to replace it, that's the amount of
your coverage. And so if you don't have that, and you are certainly
at risk. But I do think it's a good idea to do exactly what
you did, Doug and Unfortunately, you found an agent that understood that,
and a good agent could definitely save you money and to make sure you have
the right policy. Well as we go around. This is one of the
reasons I brought it up is because I saw the next episode of the money
Pit podcast is all about this, and so I was thinking about my experience.
At first, I resisted this because I thought she was doing just what
you just said, let's let's get a little more money out of him and
increase the policy. Well, you know what she did. She shifted coverage
around for some of the automotive and the stuff on the farm, the tractors
and equipment and stuff that I have. So she just shifted around. There
was too much coverage if there's you know, you never hear an insurance agent
say that, but there really was too much on certain things in the portfolio
and not enough on others. So it ended up really not costing me any
more money. Yeah, well you got better. Yeah right, exactly.
So listen to this podcast money pit dot com Forward Slash podcast. You got
a hot headline from the newsletter this week. Yeah, so talking about the
insurance claims. We have a story in history called six tips for filing Homemo
insurance claims on the website right now, so you've got all the details all
right, So I check that out from moneypit dot com podcast. It's moneypit
dot com slash podcast, moneypit dot com slash newsletter. Tom Kreidler here with
the information that will help you as you get ready for your projects this weekend.
The next Stefan Good Day download with Doug and Jay Kirshner is made possible
in part by Keltren, which is the safe way for you to lose weight
and keep it off, and also by Previlegent, keeping your brain healthy.