Natural disasters can occur anywhere, that’s why it’s important to take measures to protect yourself and your finances should an unexpected incident arise. Keep reading to learn more.
Disaster Preparedness: 4 Tips to Protect Your Finances
Planning is key to fast recovery after a natural disaster. These are some steps you can take to protect your finances.
Update Your Emergency Plans Constantly
Chances are Good that your personal and familiar situation keeps changing all the time. Take these changes into account and modify your emergency plans accordingly. Figure out in advance details such as the people you will call in case of a natural disaster, the location where your family will meet, and the place where you will store important documents.
Keep Originals and Copies of Important Documents
Store originals and copies of important documents in a safe place. If possible, keep originals and copies in separate places; this way you will have at least one package available should the other be damaged. It’s advisable to add an extra layer of protection by making electronic copies of your documents. For documents that exist only in print format, you can create electronic copies with a scanner.
Don’t Forget to Document Your Valuables
This makes it easier to file an insurance or tax claim after a disaster. Documenting your valuables is as easy as taking pictures or recording them on video. As with your tax and insurance documents, it’s a good idea to keep several copies of this material.
Remember That Tax Relief is Available for Victims of Natural Disasters
When a natural disaster occurs, the IRS puts provisions in place to provide tax relief to the victims. For more information, visit the IRS website or seek the assistance of a tax professional you trust.
Need Help With Your Taxes or Insurance? Contact the Experts at Delgado’s Insurance
Looking for assistance with your taxes or insurance? contact our experts at Delgado’s Insurance. Our mission is to help you make sense of your options to reduce your liability and maximize your deductions while staying compliant with all relevant laws and regulations.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter) to get a free quote and learn more about our wide array of services.
