Originally psted on the QT by Matt .
Here’s some tips you may consider to save some $$$:
1. Defer your mortgage payments, house insurance payments, car insurance payments, car payments, credit card payments, student loan payments, other items you are paying for over time;
2. Stop your phone service, cable, internet, trash, etc.;
3. File a homeowner’s insurance claim, even though this may be a flood insurance event. This allows the homeowner’s insurance adjuster to make a decision about what caused specific damages. For instance, you may have a leaky roof that is covered under your homeowner’s policy;
4. Make a list and take pictures of items that have been lost or damaged in the flood. I’m not sure how much detail you should have in this list (ie. number of nails in a jar?) but if you’ve got the time, it couldn’t hurt. You may be able to write off these losses on you income taxes.
I am by no means an expert on these issues. These are just some of the methods we are using to try to offset the potentially large financial hit we are facing.