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<\/a>Hurricane Sandy affected over 8 million people in the Tri-State area when it made landfall on October 29, 2012.\u00a0 Millions in New York and New Jersey lost power, as well as access to food and hot water.<\/p>\n
Before the unexpected hits your area, consider the following natural disaster checklist to build a firewall around your finances before a natural disaster occurs.<\/p>\n
1.\u00a0 Investigate Local Natural Disaster Risks<\/p>\n
Do you live in a flood-prone area?\u00a0 Could your area be at risk for wildfires?\u00a0 Talk with your county or related representatives to find out.\u00a0 Also, ask a local homeowners or renters insurance agent \u2013 they can quickly give you this information.<\/p>\n
2.\u00a0 Insure Yourself<\/p>\n
Once you find out which natural disasters typically threaten your area, insure yourself.\u00a0 In particular, against natural disasters with a high probability rate in your area.\u00a0 Insurance exists for nearly every type of disaster \u2013 including floods and earthquakes.\u00a0 Protect yourself before the unthinkable likely happens.<\/p>\n
3.\u00a0 Protect Your Property<\/p>\n
Visit redcross.org<\/a> or fema.gov<\/a> for tips on protecting your physical property against common natural disasters in your area.\u00a0 Their recommendations include sealing basements with waterproofing compounds and installing \u201ccheck valves\u201d to prevent floodwater from backing up your drains.<\/p>\n 4.\u00a0 Protect Your Valuables<\/p>\n Valuables range from costly jewelry to precious family pictures. \u00a0Consider purchasing a safe or other secure lockbox to store your valuables.\u00a0 Also consider duplicating or scanning one of a kind items like family pictures, and storing the copy at another location.\u00a0 Insurance may also be available for certain types of personal items.<\/p>\n 5.\u00a0 Scan Important Documents<\/p>\n Services such as Carbonite<\/a> and Dropbox<\/a> can be used to securely back up your computer and store documents online so that they\u2019re accessible from another computer.\u00a0 Seriously consider scanning insurance documents, personal identification documents, and banking information so that you can reach them if a natural disaster forces you to move to another location.<\/p>\n 6.\u00a0 Autopay Critical Bills<\/p>\n The last thing that you may think about after a natural disaster is paying your bills.\u00a0 While companies like credit card companies try to waive late fees if a serious emergency hits, save yourself the worry and concern by setting up automatic payment for critical bills.\u00a0 It\u2019ll be one less thing to worry about as you pick up the pieces.<\/p>\n 7.\u00a0 Emergency Savings<\/p>\n Insurance companies won\u2019t pay you immediately after a disaster hits.\u00a0 As a result, you need money to pay for hotel and transportation costs plus other expenses until insurance pays you according to your policy terms.\u00a0 4-6 months of savings stored in a money market or CD is generally recommended.<\/p>\n As the East coast picks up the pieces from Hurricane Sandy, remember that you can prepare yourself and hopefully prevent a natural disaster from becoming a financial disaster.<\/p>\n","protected":false},"excerpt":{"rendered":" Hurricane Sandy affected over 8 million people in the Tri-State area when it made landfall on October 29, 2012.\u00a0 Millions in New York and New Jersey lost power, as well as access to food […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[30],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/posts\/2231"}],"collection":[{"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/comments?post=2231"}],"version-history":[{"count":6,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/posts\/2231\/revisions"}],"predecessor-version":[{"id":2239,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/posts\/2231\/revisions\/2239"}],"wp:attachment":[{"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/media?parent=2231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/categories?post=2231"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pricecapitalcorp.com\/wp-json\/wp\/v2\/tags?post=2231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}