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.