September is 'National Preparedness Month' promoting disaster an

Prepare finances now, ahead of natural disasters

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LUBBOCK, Texas -

With disaster declarations across the Gulf Coast and heavy rain crossing our area, it's a good time to evaluate your readiness. This month is dedicated to promoting disaster and emergency preparedness. Nearly half of all adults are not financially prepared for a setback, a report suggests they would struggle to cover a $400 emergency.

Financial consultant Jeff Nicholas recommends having a plan to deal specifically with unexpected natural disasters.

"Maybe you have your home paid off and you have that deed," said Nicholas. "Make sure that it is kept in a safe place that is water proof, fire proof, whether that is digitally, or in a safe, or in a safe deposit box, some where were those documents are going to be safe, so a home deed, financial accounts, insurance policies."

Nicholas adds that it is important to have cash on hand in case you have to evacuate. If you know a storm is coming, plan to have more than the amount of money you would need to have to take care of your family's bare necessities for a couple of weeks, if possible, but at least a few days if you can.

You should also be prepared for damage to your home or property. Nicholas recommends having a detailed inventory of the items that you have in the house. An inventory of your valuables can be important when filling out any insurance claims. 

 

 

 

 

 

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