Weather Financial Storms

 From Smart About Money (www.smartaboutmoney.org)
You keep safe in the sun by slathering on sunscreen and strapping on helmets. But are your finances protected from summer’s extreme weather and activities? Give your insurance a checkup to find out. 
Be Prepared for Natural Disasters    
Disaster strikes quickly and with little warning, and summer brings its fair share of wildfires, floods, tornadoes, and severe storms. Any crisis that threatens your home or safety takes an emotional toll, but you can lessen the financial stress with these preventative measures:
1. Update and maintain your insurance. 
Make sure home, auto, health, and life insurance policies are up to date. Seek additional coverage for events not covered by standard insurance such as floods or earthquakes. Find a complete list of essential insurance policies here.
2. Stash some cash. 
Power outages can prevent you from using ATM’s, banks, or credit card machines. Make sure you have enough cash on hand to sustain you and your family for three days.
3. Protect your records. 
Keep original documents like birth certificates and property deeds in a bank safe deposit box, but store copies in a fire- and flood-proof box at home in the event you cannot access your bank.
4. Minimize additional loss. 
If a natural disaster has already occurred, use this checklist to lessen the financial burden.
For more information on how to financially prepare and recover from a disaster, visit www.redcross.org/prepare.

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