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.
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..