"Be prepared financially for natural disasters" By John Dickerson & Hawes Dickerson Financial Advisors Edward Jones

   Recently, we’ve seen natural disasters in Texas, California, Florida and Puerto Rico.
    And almost every area in the U.S. is susceptible to a hurricane, tornado, wildfire or flood.
   How can you prepare yourself financially for such an event?
   For starters, make sure your homeowners or renters insurance covers you for all possible hazards.
   These policies typically don’t cover flooding, so you may need separate flood insurance.
   Next, create an emergency fund that can help you meet unexpected costs resulting from damage to your home or even a temporary displacement.
   Keep some of the money in a liquid account, and some in cash.
   Also, protect your important documents, such as mortgage papers, insurance policies, financial accounts, tax statements and so on.
   Keep paper copies in a fireproof and waterproof box at home or in a bank safety deposit box.
   Keep electronic versions on a flash drive or in a cloud-based service.
   With luck, you can avoid being victimized by a natural disaster.
   But, as the old saying goes: “Hope for the best and prepare for the worst.”
   From a financial perspective, that’s good advice.
   This article was provided by Edward Jones for use by your local Edward Jones Financial Advisors John Dickerson & Hawes Dickerson.   

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