Most people are not fully prepared to cope with disasters that damage property, destroy records, and interrupt income. These are the first steps:
- Check your homeowner’s or renter’s insurance policy to make sure you are adequately protected.
- Make a household inventory so you are prepared to file a claim. Take photos or videos, and save receipts for high-priced items. Store a copy in a safe place away from your home.
- Compile an inventory of credit cards and financial assets with company name, account or policy number, and value. Store it away from home.
- Have cash available through an easily accessible account for expenses.
- Always carry your health insurance and photo identification cards.
- Buy life and disability insurance. If you don’t know if you have the right amounts of coverage, please update your plan right away!
After a disaster:
- Contact relief organizations for immediate necessities.
- Contact your insurance agents to file necessary claims.
- Contact credit card companies to see if balances will be paid off.
- After receiving a settlement, put the money into a savings or money market account and immediately consult with us to review your new financial situation. That way you can restore your normal lifestyle first, and won’t make big financial mistakes!
So, if you have any questions about how this, or any other financial issue affects you…please call us right away!