Protect Your Finances When Disaster Strikes
Are you prepared for a disaster? Get organized with key financial documents, contacts and resources needed in case of an evacuation.
From hurricanes and floods to fires and tornadoes, natural disasters leave a path of destruction that’s unfathomable until you’ve experienced it. The aftermath of a disaster can be highly stressful and chaotic, and it takes an enormous toll on all those affected — physically, mentally and financially.
Having access to key documents and resources can be very helpful during difficult times. Get organized now so you’re ready to protect your family, your home and your finances should disaster strike your home or your community. The following tips can help you be prepared:
1. Carry a list of contacts in your wallet.
Your list may include family members, friends and neighbors; your school or place of worship; health professionals, insurance agents and banking institutions. This is important in case the contacts saved on your mobile device or computer are not available or reliable during a disaster.
2. Gather vital records.
Having access to important financial and medical records can make it easier to start the recovery process. But if your safety is at risk, leave them behind — they can be replaced.
- Personal records: Photo IDs, birth certificates and adoption papers, Social Security cards, passports, citizenship papers, military service identification, will/power of attorney, pet ID tags
- Financial documents: Mortgage documents or rental agreements; homeowners, renters and auto insurance policies; financial statements and account numbers; tax records
- Medical information: Health insurance policy information, immunization records, list of medications
3. Check your insurance coverage.
Having adequate homeowners insurance coverage is essential when you need to repair, rebuild or replace damaged property. Review your policy annually to find out how much coverage you need and what your coverage includes. Be sure to ask about flood insurance in your area and learn more about the National Flood Insurance Program.
4. Save money for an emergency.
Your emergency fund can be a lifesaver in a crisis situation. Start with a savings goal that’s within you reach, and aim to save three to six months of living expenses for an emergency. Also keep a small amount of cash in a safe place at home. If there’s a power outage and ATMs and credit card machines aren’t working, you may need cash to buy supplies and fuel. Take steps now to build an emergency kit and prepare for hurricane season.
5. Set up online access.
Switching to direct deposit ensures your funds will be deposited on time even if the mail is delayed. In addition, setting up electronic bill pay can help you avoid late fees on bills. Take a few moments now to get up to speed on online banking, mobile banking, digital payments and other digital banking services with Amegy Bank. Amegy Bank’s online portal makes it easy to check on your accounts when banking centers are closed.
At Amegy Bank, we’re here to help you protect your finances so you can focus on keeping your family safe. Whether you need help planning your financial future or checking your digital banking options, we are here for you.