Prepare Your Finances for Hurricane Season

Hurricane season is here—are you prepared? While securing your home and ensuring your family’s safety are top priorities, it’s also important to have a plan in place for staying financially secure when disaster strikes. Here are key steps to take before a storm hits.

Assemble an Emergency Kit

An emergency kit should include essential supplies like food, water, battery-powered phone chargers, medications, and flashlights. In case ATMs and card systems are down, keep a small emergency fund or prepaid card accessible for unexpected expenses. Store important contact numbers in a safe and accessible place.

Develop a Communication Plan

Staying connected with family and emergency services is critical during a hurricane. Establish a plan for communicating with loved ones in case of power outages. Consider setting up emergency alerts on your phone to stay informed about severe weather updates.

Establish an Evacuation Route

Knowing where to go in an emergency is vital. If you need to evacuate, plan ahead for shelter locations and ensure you have a full tank of gas.

Protect Important Documents

Gather important documents, such as identification, medical records, insurance policies, and property deeds, and store them in a waterproof and fireproof container. You can also make digital copies and save them securely online or in cloud storage for easy access.

Review Your Insurance Policies

Before hurricane season peaks, take the time to review your homeowners, renters, and flood insurance policies. Ensure your coverage is up to date and sufficient to cover potential storm damage. If you have questions, contact your insurance provider for guidance.

By taking these proactive steps, you can help keep your family safe and minimize disruptions during hurricane season. Visit the American Banker’s Association blog for more tips on natural disaster readiness.

Stay informed, stay prepared, and protect what matters most.