About this episode
As always, email david@parallelfinancial.com with any questions. Schedule a Chat Hurricane Helene has caused significant destruction across several states, particularly in North Carolina, prompting Certified Financial Planner(tm) David Chudyk to share essential disaster preparedness tips. David talked about the importance of reviewing insurance coverage, including homeowners, renters, and auto policies, to ensure adequate protection against floods and other natural disasters. David also highlights the need for emergency cash on hand, as many areas may face power outages that disrupt access to ATMs and banks. Additionally, he stresses the importance of backing up critical documents and being aware of disaster relief programs while remaining vigilant against potential scams that often arise in the aftermath of such events. This emergency episode aims to equip listeners with practical strategies to safeguard their finances and assist their communities during challenging times. Takeaways: It's essential to review your insurance policies, especially for flood and wind coverage. Keep some cash on hand for emergencies when power outages disrupt electronic payments. Establish an emergency fund with three to six months' worth of accessible savings. Digitally back up important documents like insurance policies and estate planning papers. Be aware of post-disaster scams and verify the legitimacy of relief offers. HELO others in your community during disasters, as support is crucial. Links referenced in this episode: www.weeklywealthpodcast.com