On today’s episode of the Consumerism Commentary Podcast, Tom Dziubek talks to Richard Rosso, CFP and financial consultant at Charles Schwab. Richard discusses his advice on how to prevent a natural disaster from becoming a financial disaster and offers up many tips, including how to make sure you have the proper insurance coverage, taking inventory of your possessions and keeping enough petty cash at your disposal.
Keeping a Natural Disaster From Becoming a Financial Disaster, Richard Rosso: S03E14 / 89
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Table of contents
[00:00] Introduction from Flexo
[00:31] Interview with Richard Rosso
— [00:43] Proper insurance coverage
— [01:30] Buying flood insurance now
— [02:37] Other insurance concerns
— [04:10] Keeping petty cash on hand
— [08:34] Inventorying your household possessions
— [10:01] Tools to assist keeping inventory
— [13:03] Keeping important documents handy
— [15:08] Safety deposit boxes
— [17:26] What Richard’s learned from recent disasters
— [19:21] Application towards other, non-hurricane disasters
— [22:01] Storing computer files remotely
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Updated June 24, 2016 and originally published July 25, 2010.