Money Matters

Yikes, Disaster Strikes! How Prepared are you?

29 Oct 2015 by: jhurley 

Living in San Diego County, we know that fire season is year round now, not just in November, and that our area is subject to earthquakes and high tides. However, recently the potential disaster that is getting the most media coverage is meteorologists’ predictions of a record-breaking El Niño for California this winter, including torrential rainfall and the possibility of major mudslides in San Diego County.

With the possibility of any of these disasters occurring, now is the time to either establish or reevaluate your disaster plans in case of long lasting emergency. Here are a few tips to help you and your families prepare for an emergency situation:

Review your risk management program.

Do you have adequate fire and flood insurance? Do you need earthquake insurance? With the pending El Niño, should you buy flood insurance now? The California Department of Insurance is recommending that Californians buy flood insurance even if they live in low flood risk areas. Due to recent fires, there isn’t a lot of plant material in place to hold the water down and prevent mudslides. In addition, our four years of drought means the ground is parched making it very difficult to absorb water, so there will be a lot of runoff. If you haven’t done it in the last six months, reviewing your personal property and casualty insurance coverage is a good idea, especially before the rains begin.

Have a plan and practice it.

Have a written plan of what to do during an emergency and practice the plan with your family, including children. Pick at least two places to meet; one near your home and another outside of your neighborhood, if you can’t get home. Families should carry a card with addresses and phone numbers of the designated meeting places and, of course, have phone numbers for all family members in their cell phone contacts list. Designate a family member or friend outside of San Diego to be your family’s central contact person. At least annually, review and update your disaster plan. Obtain a hand/solar charging device for your cell phones and keep it handy. Try to keep your cell phone(s) fully charged at all times.

Prepare a Survival Kit.

Prepare your survival kit in a container that is water and rodent proof (e.g. plastic trash can with lid). You should have a minimum of three days of food and water for each person in your household. Make sure to replace any items before they expire. Have a smaller version of your survival kit in your car. Inquire about emergency kits at your workplace and children’s school. Have the right size and kind of fire extinguishers in your home, garage and office.  Test them annually. Be sure to include a supply of prescription medicines and health aides for particular family members.

Have a plan for your pets

The San Diego Humane Society is one resource for animal disaster planning; you can also ask your pet’s veterinarian for suggestions.  Have your pet fitted with a microchip that contains your contact information.  Many animals get lost during emergencies; microchipping increases the chance you will be reunited with your pet. Emergency shelters generally do not accept pets. If you absolutely must leave your animal behind, do not tie it up and make sure to leave out food and water in non-skid bowls. Leave a note on your door with the number, types, and names of animals left in your home, and your contact information.

Don’t forget your important documents

Have a waterproof and fireproof box that contains your financial documents that you can easily grab on your way out the door.  This box should also contain a USB flash drive of your computer documents. (Which we know you back up regularly, including your photos of your home!)  At CCMI, we save our clients’ documents in secure on line vaults through on our server which is backed up on and offsite.  During the last blackout, we retained 100% of all information.  Be sure to keep some cash in a safe place in your home; without electricity, ATM machines don’t work and merchants who are still operating after a disaster can’t process credit card transactions—just cash!

Prepare your vehicle.

Try not to let your vehicle’s fuel level fall below the halfway point. As many learn during power outages fuel may be unavailable during an emergency.  Take care of any car problems before they arise, so you won’t be stranded on the road.

Pay attention to emergency broadcasts and directions from safety personnel

Have a battery powered radio to stay tuned to emergency broadcasts; do not try to drive through a flooded area or risk being stranded in rising water.  In a fire, evacuate your home or business when emergency personnel order you to do so. Be sure to take your “grab and go” bag(s) with you and attempt to stay in touch with family members and friends, using the communication plan you have established and practiced.

The CCMI Team wants you to be safe in the event of an emergency. For a list of resources through which to purchase survival kits to have on hand in the event of an emergency, please click here. Excellent and specific information on what to do in different types of disasters can be found at www.disastersafety.org.


CCMI provides personalized fee-only financial planning and investment management services to business owners, professionals, individuals and families in San Diego and throughout the country. CCMI has a team of CERTIFIED FINANCIAL PLANNERTM professionals who act as fiduciaries, which means our clients’ interests always come first.
How can we help you?

More by this Author
Below are additional articles written by this author.

As April is National Financial Literacy month, let’s look at how much we have learned since the Great Recession.  A recent survey completed by Wallethub.com…

by Bob Eddy, CFP ® For more than 42 years, Bob Eddy has assisted CCMI clients with a variety of their financial planning and investment…

by Peg Eddy, CFP ® Having been a CFP practitioner since 1983 and now on the cusp of my retirement, a look back on my…