Gain Financial Peace Of Mind
Some people suffered financial catastrophe due to Hurricane Sandy. Gain financial peace of mind by considering the following steps
1. Stockpile cash What happens if the bank is closed? Hold cash on hand.
2. Store key documents in secure online file cabinet– wills, insurance policies, credit cards, passports, bank account numbers. There are many websites that offer this service free, or for a minimal charge.
3. Protect your credit. Included in your online file cabinet is info on all of your creditors- mortgage, cars, utilities, credit cards. If your dislocation will result in inability to pay your creditors- alerting them will help keep your credit intact as they work with you to suspend payments.
4. Review your insurance. Understand what exactly your property, flood, life, and disability insurance policies actually cover. For instance, does your property insurance cover temporary food and housing costs if you’ve had to evacuate but your home is undamaged? If you miss work for a week because you’ve had to evacuate, will your disability policy cover your lost income? Talk to your agent about covering any gaps in your policies, and make sure you know whom to contact and what documentation you’ll need to file a claim.
As a new benefit for my tax clients, I will be offering a secure online storage. Ask me how-