Prepare for Disaster

Being prepared for disaster is crucial to your finances. Nan Mead, communications director for the National Endowment for Financial Education suggests steps that are essential for everyone. 

1. Review your insurance coverage periodically. Make sure you are covered for replacement costs to your house and it’s contents, including improvements.

2. Place copies of important documents, (insurance policies, wills, prescriptions for medication and eyeglasses, immunizations records, bank account numbers, and driver’s licenses) in watertight plastic bags stored in a portable fireproof box.

3. Rent a safe deposit box for originals of important documents, deeds, titles, birth certificates, passports and jewelry appraisals.

4. Store the key in your evacuation box.