Virginia State Corporation Commission’s Post

Disasters can happen anywhere and anytime, so it's important to plan ahead. #BeReady both physically and financially. • Review your #insurance & update it, if needed. Assess your risk & consider #floodinsurance. • Create an emergency fund. • Gather important documents & keep them in a safe place. • Be careful about sharing personal info. • Know what to do if your property is damaged due to a disaster. https://lnkd.in/euUgG5g floodsmart.gov https://bit.ly/3CjnYj0 https://bit.ly/46eUz7d #disasterpreparedness

Recovering from Hurricane Beryl? We're here to help with Disaster Recovery support. For our customers whose homes and businesses were affected, we're offering special recovery loans, loan payment extension options, and even credit card help. These options are intended to help alleviate some of the financial stress you or your business may be facing from damage that isn't covered by insurance or damage that needs to be repaired before you receive funds from your insurance claim. Please contact your local banker or visit https://lnkd.in/dxPtTk5g to learn more. #banklocal #hurricaneberyl #hurricanerecovery

🌀 Rebuilding after Helene and Milton starts with one step. I've seen firsthand how devastating hurricanes can be for small businesses. 💼🌪️ But here's what I've learned about recovery: 1. Document everything 📸📄 Take photos. Save receipts. It'll help with insurance and aid applications. 2. Reach out for help 🆘 FEMA has approved over $1.8 billion in assistance so far. Don't hesitate to apply. 3. Prioritize safety ⚠️🦺 Ensure structures are secure before re-entering. Your health comes first. 4. Connect with your community 🤝🏘️ Local support networks are invaluable. Share resources and information. 5. Focus on cash flow 💰📊 Look into disaster loans and grants to keep your business running. Remember: Recovery is a marathon, not a sprint. 🏃♂️🏁 We are offering reduced rates to victims of the Hurricanes Helene and Milton on assistance packages. 📦💯 Reach out to learn more! 📞📧 #DisasterRecovery #SmallBusiness

The disaster after the disaster In the aftermath of the terrible devastation of Helene, I will share a series of stories with an unwelcome and perhaps unbelievable message: the worst is yet to come. In addition to the physical damage of the unprecedented storm itself, victims need to prepare for the ‘disaster after the disaster’ that caused more human suffering than the storm itself and, in some cases, exceeded the financial loss of the storm itself. Human-caused problems ranging from simple poor management and government waste to politicians lying for their own benefit and massive outright fraud will take a huge toll. Victims don’t see it now, they would not believe it could happen to them, and they will invest years into storm recovery efforts. Just as victims were unprepared for the massive storm, they are just as unprepared for the disaster yet to come.

Tropical Storm #Debby is a good reminder that the time to plan for hurricanes and other disasters is now. Don’t wait until it’s too late. ·     Assess your risk ·     Have a plan ·     Prepare an emergency supply kit ·     Review your #insurance ·     Create a #homeinventory ·     Establish an emergency fund ·     Know where to evacuate ·    Know what to do if your home, business, vehicle or other property are damaged during a disaster. https://bit.ly/301fdGc ready.gov floodsmart.gov #disasterpreparedness #BeReady

If you’ve been affected by a natural disaster, the FHA 203(h) loan might be your key to rebuilding and owning a home again! 🌟 ✨ Benefits of the 203(h) Loan: No Down Payment: 100% financing available! Flexible Credit Requirements: Easier qualification for those with less-than-perfect credit. Rebuilding Assistance: Specifically designed to help disaster victims. 📌 Who Can Apply? Individuals whose homes were destroyed or damaged in a Presidentially Declared Major Disaster Area. Applications must be made within one year of the disaster declaration. Ready to turn your homeownership dreams into reality? 🏠💫 📲 Contact us today to learn more about how the 203(h) loan can help you rebuild and move forward. #MortgageMarshall #ApexMortgageGroup

🚨 September is National Preparedness Month 🚨 It’s the time of year you will hear Emergency Managers talk about the need for individuals and families to Build a Kit ✅, Make a Plan ✅, and to Stay Informed ✅ . This year's theme is “Start a Conversation” so let’s have an open conversation to explore new ideas to honestly prepare people for disasters from a Federal, State/Local, and individual level. I will share three ideas 💡 over the course of the month, starting with a Federal Individual and Family Disaster Savings Fund 💰. 1.     Individual and Family Disaster Savings Fund. Bankrate found that only 44% of Americans surveyed could afford a $1,000 emergency expense. FEMA should create an Individual and Family Disaster Savings Fund. Federal government contributes $500 as an incentive for opening an account which financially operates as a Treasury Bond with annual return rates. Account holders are required to contribute at least $10 to it monthly. Funds are only available to the account holder following a Presidentially Disaster Declaration under the Robert T. Stafford Act impacting the area of their primary residency or until the youngest account holder turns 70 years of age. Account holders automatically qualify for FEMA Individual Assistance. #FEMA #emergencyprepardness #nationalpreparednessmonth #disastersavings #beprepared #roberttstaffordact

Owning coastal property is no joke, especially when you’ve been hit by FOUR hurricanes in a year. 🌀 If FEMA’s dragging their feet and insurance isn't enough, it’s time to turn to the SBA. I’ve put together 3 key tips to speed up the loan process, because waiting months for disaster relief isn’t exactly ideal. Here’s how to get the funds you need, faster! ⏳💸 #RealEstateInvesting #DisasterRelief #HurricaneRecovery #SBAHelp #PropertyInvestors #CoastalInvesting #BusinessFunding #FloridaRealEstate #RebuildFaster #SBALoanTips

Hurricanes Milton and Helene have left a trail of devastation, pushing the SBA's disaster loan program to its limits. 37,000 applications from Helene victims alone. 12,000 more from Milton's impact. The numbers are staggering. With over 700 loans totaling $48 million already disbursed, the SBA's coffers have run dry. These loans are crucial for: • Debris removal • Property repairs • Covering economic losses The aftermath is grim: - Major highways closed - 120 lives lost - 92 people still missing North Carolina bears the brunt of this catastrophe. Federal agencies saw this coming, but the scale of destruction surpassed expectations. President Biden is urging Congress to act swiftly, ensuring disaster loan programs remain funded during recess. This crisis underscores the vital role of disaster preparedness and swift governmental response. How can we better prepare for future natural disasters? Share your thoughts. #DisasterRelief #HurricaneRecovery

🌊💼 Are you prepared for the financial impact of a flood on your business? 💼🌊 In the face of natural disasters like floods, financial preparation is key. Here are some essential steps to safeguard your business: - Be proactive with insurance: Explore comprehensive flood insurance options to cover repairs, asset replacement, and business interruption costs. - Establish an emergency fund: Maintain savings to address immediate flood-related expenses without disrupting daily operations. - Investigate grant opportunities: Research potential grants from government agencies, non-profits, and corporations to aid in recovery and rebuilding. - Create a financial emergency plan: Identify vulnerable aspects of your business, estimate costs, and prioritize savings and insurance coverage. Invest in quality equipment: Equip your business with tools to manage flood aftermath efficiently, minimizing damage and enabling a swift recovery. Develop community partnerships: Build strong relationships within the community for guidance and support during financial challenges. Preparing your business for a flood is vital for financial resilience and recovery. Stay proactive and ensure your company is ready to weather any storm. 💪🏼🏢 #BusinessPreparedness #FinancialResilience #EmergencyPlanning #DisasterRecovery #CommunitySupport #FloodPreparedness