What to Include in an Emergency Financial Kit

Essex Financial

In the event of a natural disaster or other unexpected emergency, it’s vital that you move quickly and limit the amount of time you spend scrambling for essentials. In addition to having a bag packed with necessary items like medicine, food and clothing, you should also have an emergency financial kit ready to go. This should include a collection of the most important documents you have in your possession; having these documents safely secured in one place can grant you peace of mind, especially in a situation where you need to evacuate as quickly as possible.

Photos of Your Possessions

Whether you have renter’s insurance or a homeowner’s policy, you’re probably covered for the personal possessions you own. However, filing a claim will be difficult if you don’t have an inventory of your possessions prior to an emergency. Photos are the best way of verifying your possessions, but just be sure to take new photos anytime you buy something new for your home.

Another good idea is to walk around your home recording a video and narrating the important details should you need to replace any items or provide additional information to your insurance company.

Identification

Birth certificates, driver’s licenses, passports and social security cards are the main things that fall into this category.  Original copies of your birth certificate, passport and social security cards are best kept someplace very secure, such as a bank safe deposit box, with copies of these documents in your home should you need them.  You can also scan and upload copies of these documents to online document vaults or other cloud based storage options.  The important thing to note, is anything you are storing in your home should be kept organized and in one place so that you can grab it and go should you need to evacuate quickly.

Learn more here

Securities and Investment Advisory Services offered through Essex Financial Services, Inc., a Registered Investment Advisor, Member FINRA, SIPC.  A subsidiary of Essex Savings Bank. The securities and insurance products offered through Essex Financial Services, Inc. are not a deposit of, or other obligation of, or guaranteed by any bank, or an affiliate of any bank, are not insured by the FDIC or any other agency of the United States, the Bank or an affiliate of the bank and involve investment risk, including the possibility of a loss of the principal amount invested..

Published by essexfinancial

Essex Financial Services is a premier, independent wealth management firm headquartered in Essex, CT with additional offices in Southport and Farmington, CT. We have a team of 19 seasoned Financial Advisors who use a consultative approach to provide our clients with a range of services including the creation and ongoing management of comprehensive financial plans, investment management , tax planning, estate planning, corporate retirement plans, insurance, college education planning, philanthropy and retirement planning. We currently manage or oversee in excess of $2.46 billion and operate as an independent wealth management firm. Our clients include high net worth individuals and families, small businesses, foundations, and charitable organizations. Our experienced team of financial advisors manage or administer $2.46 billion in assets. All are Registered Investment Advisors operating under the fiduciary standard, meaning we are bound by law to operate by placing our clients’ interests ahead of our own. Securities and Investment Advisory Services offered through Essex Financial Services, Inc., a Registered Investment Advisor, Member FINRA, SIPC. A subsidiary of Essex Savings Bank. The securities and insurance products offered through Essex Financial Services, Inc. are not a deposit of, or other obligation of, or guaranteed by any bank, or an affiliate of any bank, are not insured by the FDIC or any other agency of the United States, the Bank or an affiliate of the bank and involve investment risk, including the possibility of a loss of the principal amount invested.

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