As I was skipping thru channels last nite, I come across Suzy Orman, you know the woman with all the financial tips....anyway she had a special on and the premise was preparing for disasters. It was very interesting....and she elaborated that more details were on her website...but the jest of it was...to get all your documents in order, SS cards, mortgage documents, insurance policies, birth certificates, tax statements, credit card numbers etc...her list is on the site...make copies..keep one set in a water/fire proof box and send another set to a friend or relative. Also make copies of keys to cars, boats etc....she said most people have papers scattered around or in file cabinets...and in a worse case scenario, no one will have time to grab them...makes sense to me...oh also..check your homeowners and if you have flood policies...she said in the wake of rising real estate prices....almost everyone is under insured...
She said to check out your homeowners especially, they have something called displacement clauses, it gives you a percentage, not an exact amount on relocating to another place in the event your home is destroyed...also if your home is blown off the face of the earth and you have a mortgage, you are still responsible for the mortgage payments...you might get a deferment of 30-60-90 days but thats it and you'll still have to make those payments up...
