Dollars and Sense Handout

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    Webinar Handout

    The Dollars and Sense of Emergency Preparedness

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    WhyPrepare?

    Emergencies and disasters can occur at any time. It doesnt necessarily take a major

    disaster to critically impact your life, family and property. Preparing for emergencies and

    disasters can help protect our families and community and ultimately it helps to reduce

    the impact of any emergency.

    Hazards

    A hazard can be defined as any situation or event that has the potential to cause harm,

    damage or loss. Some hazards like a flood, or hurricane, you may have time to prepare

    or evacuate. Other hazards, like a tornado, chemical spill, or terrorist strike can leave you

    little time to respond. Unless you are aware of the hazards in your area and are prepared

    for an emergency, your family could be basic necessities for a number of days.

    PreparingFinancially

    To prepare financially for emergencies, consider the basic financial management

    concepts taught at Fleet and Family Support Centers:

    Emergency savings: emergency savings should be able to cover one to threemonths of your monthly bills and debt payments.

    Living within your means: Not spending more than you make is a fundamentalaspect of good personal financial management for every season and reason.

    Keep your credit in check: Keeping your debt level low and maintaining a good

    credit history can help to prepare you for any emergency. And in an emergency yourcredit might be needed to evacuate from a storm, replace damaged or lost

    belongings or cover short-term lodging due to an emergency.

    ActionItems

    Do a home inventory: Take an inventory and keep a copy of the list somewhere safe.

    Photos or videos of each room and its contents will help you to settle a claim in the event

    of a loss. Additionally, make a list of the make, model and serial numbers for appliances

    and electronics.

    Check your insurance policy: The purpose of any insurance is protection fromfinancial loss. Life, health, auto, homeowners, and renters insurance products are all

    designed to protect you from losses you cannot afford to cover yourself. The right

    insurance coverage can prevent financial ruin in the event of a disaster. When you

    complete your inventory, check your insurance policy(s) to make sure that you have

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    Webinar Handout

    The Dollars and Sense of Emergency Preparedness

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    adequate coverage. You might want to get appraisals on high end items and speak with

    your insurance company about special riders or insurance coverage to protect these

    items.

    Pack your grab and go kit: Another aspect of being financially prepared is having

    your financial documents organized so that you can quickly assemble important

    documents in case of an evacuation. Refer to the Operation Prepare Financial and

    Insurance Records handout for a list of documents to have in your grab and go kit. Also,

    since power outages can limit access to your emergency savings so its a good idea to

    always keep a small amount of cash and coins on hand. A rolling briefcase or backpack

    can be a good storage solution but dont forget to make sure to place documents in

    waterproof bags or containers.

    Resources

    Operation Prepare:http://www.cnic.navy.mil/CNIC_HQ_Site/WhatWeDo/EmergencyManagement/Op

    erationPreparedness/CNICD_A064354

    American Red Cross: http://www.redcross.org/

    FEMA: http://www.fema.gov/

    National Flood Insurance Program: http://www.floodsmart.gov/floodsmart/

    NMCRS: http://www.nmcrs.org/

    Ready.gov: http://www.ready.gov/

    NFAAS: https://www.navyfamily.navy.mil/ Storm Pulse: http://www.stormpulse.com/

    National Weather Service: http://www.nws.noaa.gov/

    One Storm (hurricane preparedness and planning)http://publix.onestorm.org/Default.aspx?ReturnUrl=/OnePlan/

    Disability Preparedness: http://www.disabilitypreparedness.gov/

    Pet Finder: http://www.petfinder.com/index.html

    Prepare in a Year:

    http://www.emd.wa.gov/preparedness/prep_prepare_year.shtml USAA Educational Foundation (free preparedness and inventory booklets):

    https://www.usaaedfoundation.org/default.asp