Prepare Now for Future Emergencies

September is National Preparedness Month, part of an effort by the Federal Emergency Management Agency (FEMA) to raise public awareness and inspire disaster readiness. Most communities could be impacted by some type of natural disaster, whether it’s a wildfire, hurricane, tornado, earthquake, or flood.

Here are some tips to help keep your family safe in an emergency and allow you to leave quickly with the items you need most.

Gather important documents that may be difficult or impossible to replace. These are some examples, but you may want other documents as well.

• Insurance policies, banking and financial account information, and account numbers
• Identification such as driver’s licenses, passports, birth and marriage certificates, and Social Security and Medicare cards
• Contracts, wills, deeds, and recent tax returns
• An inventory of your household possessions

In case you are not home when a disaster strikes, consider storing electronic copies of critical documents on a thumb drive or encrypted in the cloud. You might also want to keep the thumb drive and/or original documents in a fireproof safe or a safe-deposit box.

Assemble a disaster kit with basic necessities for your home. Include nonperishable food, bottled water, first-aid supplies, flashlights, an emergency radio, extra batteries, a wrench or pliers to turn off utilities, and a whistle to signal for help. With ongoing concerns regarding COVID-19, make sure to add face coverings, soap, hand sanitizer, and disinfecting wipes to your emergency kit.

Have a list of items to take with you. Start with your home disaster kit and critical documents. Remember to take prescription medications; clothing and bedding for each household member;  computer hard drives, laptops, tablets, mobile phones, and chargers; eyeglasses; photos; and special food or other items for children, disabled or elderly family members, and pets.

Plan where you will go if you must evacuate. Will you stay with friends or family in another town, or head to a hotel or a community shelter? Map out a route to your destination as well as an alternate route if roads are blocked or impassable. Identify a safe place to meet if family members become separated. Choose a family member who lives elsewhere to serve as an alternate point of contact. Check the settings on your mobile phones to make sure emergency alerts and warnings are enabled. Practice packing up and leaving your home in 10 minutes or less.

Be sure you have appropriate insurance. The coverage you need depends on the kinds of disasters most likely to affect your home and community. Damage from some natural disasters, such as wildfires, hurricanes, and tornadoes, is generally covered under your homeowners policy, up to policy limits. However, damage from floods and earthquakes typically requires separate policies. Contact your insurance agent to discuss appropriate coverage.

For more information from FEMA, see ready.gov/be-informed and ready.gov/plan.

Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.palumbowm.com.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

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By: thinkhouse