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Hurricane Preparedness
Webinar
May 29, 2019
FPA of Florida Hurricane Preparedness
Webinar
Welcome!
DISCLAIMER: This presentation is for informational purposes only and does not constitute legal and/or financial advice, and
no person should act or rely on any information in this presentation without seeking the advice of an attorney. The examples
and views expressed in this presentation are also for informational purposes only and do not necessarily represent official
opinion, policy or position of the presenters, their employers, firms, FPA Chapters and/or the FPA. Similarly, neither any
information provided in connection with this presentation, including, but not limited to, any and all resources and/or link(s),
which have been provided solely for the convenience of the attendee/reader, represents a recommendation and/or an
endorsement of the contents of any third-party companies or sites nor states or implies a relationship between the presenters
and/or FPA and the referenced/linked entity.
Hurricane
Preparedness
WebinarToday’s Speakers
Today’s speakers are:
Hubert Ross, CFP®, CPWA®, ChFC®, president of FPA of Gulf
States and founder and president, Polaris Wealth Management,
Destin
Tom Patricca, CFP®, CEPS, president of FPA of Southwest Florida
and president and founder of TLP Financial Services, Inc., Estero
Kimberly L. Chavers, Esq., president of FPA of the Suncoast and
attorney and owner of Chavers Law, PLLC, Sarasota
Hurricane
Preparedness
WebinarSpeaker: Hu Ross
Hubert A. Ross is a Wealth Advisor at Polaris Wealth Management LLC in
Destin, Florida. His boutique wealth management firm focuses on serving
the unique needs of successful families and helping them live more
abundant lives.
Hu is a graduate of the United States Air Force Academy and later earned
a Master of Science degree in Financial Services and Systems
Management. To best serve his clients he’s earned the industry’s most
recognized professional designations including the Certified Financial
Planner, the Certified Private Wealth Advisor, Chartered Financial
Consultant, and the Accredited Estate Planner.
Hu has more than 14 years of experience as an advisor and has worked
with hundreds of clients following 20 years active duty service in the Air
Force.
Hurricane
Preparedness
Webinar
Speaker: Tom Patricca
Thomas L. Patricca, CFP®, CEPS is president and founder of TLP Financial
Services, Inc., an independent financial planning firm in Estero, Florida. Tom is an
accomplished, service-minded financial planner with more than 25 years of
experience with a Fortune 100 firm providing broad-based financial planning and
counseling to high-profile corporate clients.
Tom has worked with senior executives, managers and professionals to incorporate
their employee benefits into an integrated financial plan that helps them protect
their families, enjoy a comfortable retirement, and minimize their investment risk.
He has worked with over 1,000 survivors throughout the country, helping them with
the estate settlement process, and getting their financial lives in order. Tom
specializes in comprehensive financial planning.
Tom has been a CERTIFIED FINANCIAL PLANNER™ for more than 20 years, is a
Certified Elder Planning Specialist, and earned an MBA. He is married with four
children, and active in his local Rotary Club, the Financial Planning Association and
church.
Hurricane
Preparedness
WebinarSpeaker: Kim Chavers
Kimberly L. Chavers is an attorney with Chavers Law, PLLC in Sarasota, Florida which
represents financial advisors and investors nationwide in securities, regulatory, employment and
financial industry disputes. Ms. Chavers counsels and represents brokers, financial advisers, CFP
professionals, and investment advisory firms across the country in regulatory, compliance,
disciplinary, and employment matters in arbitration, litigation and mediation, and before regulatory
bodies such as the SEC, FINRA and State securities divisions. In addition to providing strategic
consulting related to employment matters, broker transitions, licensing, and registration matters,
Ms. Chavers counsels and represents advisers in CFP Board compliance and disciplinary matters,
FINRA Enforcement investigations, state and insurance license disciplinary matters, expungement
matters, promissory note and forgivable loan collection actions, and prosecutes Form U-5
defamation actions on behalf of advisers.
Ms. Chavers holds a B.A. in Business Management from the University of South Florida and
earned her Juris Doctor from the Barry University, Dwayne O. Andreas School of Law, where she
has returned as a guest lecturer in the areas of legal research and writing and securities law. Ms.
Chavers is currently the President of The Financial Planning Association of the Suncoast and a
member of the CFA Society of Tampa Bay, the Public Investors Arbitration Bar Association (PIABA), the American Bar Association (ABA), and the Sarasota County Bar Association.
Hurricane
Preparedness
WebinarCE Credit
This session has been approved for 0.5
hours of CFP Board Continuing
Education Credit.
Details will be provided on how receive
credit at the end of the session.
Certificates of completion will be sent to
all attendees within 5 days.
Hurricane Preparedness
Webinar
May 29, 2019
Hu Ross, CPWA®, CFP®, ChFC®
Planning for A Disaster
Hurricane
Preparedness
Webinar
Business Continuity
Plan (BCP)
• Securities Regulators require each Office Develop,
Maintain & Test BCP
• SEC & State (2015 NASAA Model Rule)
• FINRA Rule 4370(c)(7)
• Purpose – Protect Your Business and Employees
and also Provide Continuous Service to Clients
When Disruptive Events Occur
Success Starts With A Plan
Hurricane
Preparedness
Webinar
BCP Key
Elements
• Data Back-Up and Recovery (Hard Copy and Electronic)
• All Mission Critical Systems
• Financial and Operational Assessments
• Alternate Communications Between Clients and the Branch
• Alternate Communications Between the Branch and its
Employees
• Alternate Physical Location of Employees
• Critical Business Constituent, Bank and Counter-Party Impact
• Regulatory Reporting
• Communications with Regulators
• Plans to Ensure Clients’ Prompt Access to their Funds and
Securities in the Event the Branch is Unable to Continue its
Business
Hurricane
Preparedness
WebinarBCP Tips
• Consider Short-Term (few days), Intermediate (few
weeks), and Long-Term (Months) Disruptions
• Don’t Assume You’ll Have Power, Phone Service,
Internet Access, or Access to Branch Office
• Maintain Hard Copy of Key Contacts & BCP
• Select an Alternate Location that can Accommodate
the Entire Team or Be Prepared to Operate from
Dispersed Locations
• Test Plan for Various Disruptions (Natural Disasters,
Power & Service Outages, Access Denial
Hurricane
Preparedness
WebinarLessons Learned
• Before Disaster Strikes
• Move Away from Transaction Business
• Adopt Paperless Transactions (E-Signature)
• Incorporate Remote Meetings in Your Practice
• Make Sure Your Plan Addresses Short,
Intermediate and Long Term Disaster Recovery
• Protect Office Computers from Water Damage
• Store Data on Secure, Cloud-Based Servers
• Have Adequate Insurance
• Encourage Clients to Maintain Emergency Cash
Hurricane
Preparedness
WebinarLessons Learned
• After Disaster Strikes
• Be Proactive – Reach Out to Team & Clients ASAP
• Have Emergency Contact Info for Team/Staff
• Have Emergency Contact for each Client
Family
• Express Empathy – Willingness to Help with Basics
• Secure Office, Books & Records As Soon As
Possible
• Be Prepared to Work from Alternate Site for
Extended Period
Be A Source of Stability and Support
Hurricane Preparedness
Webinar
May 29, 2019
Thomas L. Patricca, CFP®, CEPS
Helping Your Clients –
Before and After the Storm
Hurricane
Preparedness
WebinarP&C Policy Review
Hurricane Deductible
• This is a separate deductible from the all other perils deductible
• A percentage of the dwelling or structure limits• 2% is the most common
• 1% offered by some companies; 5% and 10%
• You may be able to obtain a flat dollar amount deductible
• Applies to named hurricanes in a single season (calendar year)• If insured with same company/group a second hurricane deductible is the
greater of:
• a) remaining deductible balance from first hurricane; OR
• b) the all other perils deductible listed on policy
Hurricane
Preparedness
WebinarP&C Policy Review
Covered Lanai (Cage)
• Every company has different coverage for lanais
• Most companies only insure to replace the metal cage; no screens
• Determine if cage is replaced at full replacement cost or actual cash
value (ACV)
Hurricane
Preparedness
WebinarP&C Policy Review
Flood Insurance
• The National Flood Insurance Program (NFIP) policies have a 30-
day waiting period before they go into effect
• NFIP coverage for 1-4 family residential buildings is maxed out at
$250,000, and content coverage is limited to $100,000
• The $250,000 is at replacement cost
• The $100,000 is at actual cash value
• Consider an excess flood insurance policy
Hurricane
Preparedness
WebinarP&C Policy Reviews
Other Considerations
• Wind mitigation credits• Inspection expire after 5 years
• Wind-driven rain endorsement• Coverage for interior water damage caused by a windstorm even
when there is no storm created opening
• Loss assessment coverage
• Cost should not be the primary factor
when constructing your property and
casualty insurance coverage
Hurricane
Preparedness
WebinarBefore and After
• Use your phone to video rooms in your house and discuss contents
• Move important documents to a high secure location• Sealed plastic bins
• File a claim early even if
uncertain about damage
• Claim check is payable to
the mortgage company
• To claim a casualty loss you
have to live in a federally
declared disaster area
• Watch for scams
Hurricane Preparedness
Webinar
May 29, 2019
Kimberly L. Chavers, Esq.
How to Get Through the First
24-48 hours Post-Hurricane
Hurricane
Preparedness
Webinar
Underestimating Post-Storm Dangers
What could possibly go wrong now?
Hurricane
Preparedness
WebinarRookie Mistakes
Hurricane
Preparedness
Webinar
Casualties of Hurricanes
88 Percent of U.S. Deaths From
Hurricanes & Tropical Storms Are From
WATER, Not Wind
Inland flooding has claimed the most hurricane deaths in the
continental U.S. – even far more lives than storm surge, strong winds or tornadoes.
Hurricane
Preparedness
Webinar
Power Outages
What to Expect How to Prepare
▪ Generator (and fuel/propane)
▪ Batteries
▪ Flashlights
▪ Battery Operated Push Lights
▪ Backup Chargers For
Cellphones & Tablets
▪ WiFi Jetpacks
▪ Portable Fans & A/Cs
▪ Manual Garage Opening Skills
▪ Backup Keys
▪ Multiple Power Strips
▪ NO CANDLES
Hurricane
Preparedness
Webinar
No Netflix –No Problem!
What to Expect How to Prepare
Hurricane
Preparedness
Webinar
Cell Service
What to Expect How to Prepare
Hurricane
Preparedness
Webinar
Internet Service
What to Expect How to Prepare
Hurricane
Preparedness
Webinar
Hurricanes are bad for swimsuit season
What to Expect How to Prepare
Hurricane
Preparedness
Webinar
Hurricane Season Destroys Towns ... And Diets
What you are thinking ... REALITYVS.
1 Gallon, Per Person, Per Day TIP
Hurricane
Preparedness
Webinar
Prevent carbon monoxide poisoning
If Using this ... Must Have this!
Hurricane
Preparedness
Webinar
Fuel Shortages & Outages
Hurricane
Preparedness
WebinarFlooding
What to Expect How to Prepare
TIP – remove all hidden keys in yard
Hurricane
Preparedness
Webinar
Floodwater Hazards
Hurricane
Preparedness
Webinar
Detour Bound & Hazardous Road Conditions
You’re still coming into work today, right?
Hurricane
Preparedness
WebinarAre we there yet?
What to Expect How to Prepare
Hurricane
Preparedness
Webinar
Protective Clothing & Laundry
Warning How to Prepare
TIP: Set aside Protective
Clothing for Clean-Up
• Blue Jeans / Durable Pants
• Long Sleeves
• Boots & Socks
• Rain Gear
Hurricane
Preparedness
WebinarDelayed Pay Days
Hurricane
Preparedness
WebinarCash is King
What to Expect How to Prepare
Hurricane
Preparedness
WebinarTrash & Garbage
Hurricane
Preparedness
WebinarMail & Auto-Deliveries
When Prime 2-Day S&H
really means 20 DaysCancel Auto-Shipments
Hurricane
Preparedness
Webinar
It Won’t Happen to Me
Hurricane
Preparedness
WebinarFlood Zones
THE UGLY TRUTHEveryone home is in a Flood Zone ...
it is just a difference of risk for each zone.
➢ Nearly 75% of the homes damaged by Hurricane Harvey were OUTSIDE
the federally regulated flood plain
➢ Flood risk is defined by law, NOT NATURE
➢ 100-year flood elevation
➢ 1 percent chance of flooding in any given year
OR
➢ one-in-four chance of a flood occurring at least once during the life of
a 30-year mortgage.
➢ CLIMATE CHANGE
Hurricane
Preparedness
Webinar
Flooding After a Hurricane
THE UGLY TRUTHThe home builder assured them “flooding was not even a possibility.” Flood insurance was neither required nor needed.
Three days after Hurricane Harvey made landfall.
Hurricane
Preparedness
Webinar
Insurance Claim Proof
What to Expect
How to Prepare
Hurricane
Preparedness
Webinar
Rehearse Your Checklist
Hurricane
Preparedness
Webinar
Rehearse Your Packing Plan
Car Packing Checklist
FoodWaterMedical DocsPassportsCashFirst Aid KitClean ClothesBlankets & PillowsGames
KIDS !?!?
Hurricane
Preparedness
WebinarVehicles at Capacity
It is not only dangerous,but illegal!
Hurricane
Preparedness
Webinar
Game Night –Road Trip Style !
1 Gallon
Hurricane
Preparedness
Webinar
Traffic & No Vacancies
Hurricane
Preparedness
Webinar
Speaking from Experience
Hurricane
Preparedness
Webinar
Thanks for attending!
Contact Information
Kimberly L. Chavers, Esq.CHAVERS LAW, PLLC
941.374.7979
Email: KChavers@ChaversLawFL.com
Website: https://chaverslawfl.com/
Sarasota, FL
Hurricane
Preparedness
WebinarSpeaker Contact Info
Speaker Contact Info:
Hu Ross, Polaris Wealth Management
www.Polaris-wm.com
Tom Patricca, TLP Financial Services, Inc.
https://tlpfinancialservices.com/
Kim Chavers, Chavers Law, PLLC
https://chaverslawfl.com/
Hurricane
Preparedness
WebinarAdditional Resources
Additional Resources to help you and your
clients prepare for a hurricane:
❑ American Red Cross: https://www.redcross.org/get-help/how-to-prepare-for-emergencies/types-of-emergencies/hurricane.html
❑ Alert Media: https://www.alertmedia.com/hurricane-preparedness-checklist/
❑ Department of Homeland Security: https://www.ready.gov/hurricanes?gclid=EAIaIQobChMI5OrTkrrB4gIVG7jACh3-UQYOEAAYASAAEgJVcvD_BwE
❑ NOAA: https://www.nhc.noaa.gov/prepare/ready.php❑ National Weather Service: https://www.weather.gov/wrn/hurricane-
preparedness
Hurricane
Preparedness
WebinarFPA of Florida
Thank you for attending
today’s webinar
Financial Planning Association of Florida
https://www.financialplanningflorida.org
DISCLAIMER: This presentation is for informational purposes only and does not constitute legal and/or financial
advice, and no person should act or rely on any information in this presentation without seeking the advice of an
attorney. The examples and views expressed in this presentation are also for informational purposes only and do not
necessarily represent official opinion, policy or position of the presenters, their employers, firms, FPA Chapters and/or
the FPA. Similarly, neither any information provided in connection with this presentation, including, but not limited to,
any and all resources and/or link(s), which have been provided solely for the convenience of the attendee/reader,
represents a recommendation and/or an endorsement of the contents of any third-party companies or sites nor states
or implies a relationship between the presenters and/or FPA and the referenced/linked entity.
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