How Homeowners Can Financially Prepare for Extreme Weather
Smart Steps From
"Being financially prepared for extreme weather is just as important as physical preparation," said
Financial Readiness Checklist for Extreme Weather:
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Review your insurance coverage: Make sure your homeowners policy covers damage from common local hazards like fire, wind, or flooding. Consider additional coverage or endorsements if needed.
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Know your deductibles: Understand what you'll be expected to pay out of pocket if disaster strikes — and set aside savings accordingly.
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Create a home inventory: Document valuables with photos or video to speed up claims and ensure fair reimbursement.
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Build an emergency fund: Set aside funds specifically for disaster-related expenses such as temporary housing, food or evacuation costs.
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Safeguard important documents: Store insurance paperwork, IDs and financial records in a waterproof and fireproof container — or back them up digitally.
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Utilize smart tech: Install leak sensors, weather alerts and security systems that can help detect damage early and notify you even when you're away.
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Plan for evacuation costs: Have a go-bag ready and a plan for lodging, food and pet care in case you need to leave quickly.
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Understand
FEMA and state aid: Familiarize yourself with federal and state disaster relief programs in case your area is declared a disaster zone.
About
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Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through more than 4,200 employees and a network of more than 6,340 independent agents in 11 states. Mercury has earned an "A" rating from
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