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5 things to know: 8-23-12

By Kim Fulscher · Bankrate.com
Thursday, August 23, 2012
Posted: 9 am ET

A few storms are brewing in the Atlantic and Caribbean, threatening the southeastern U.S. Is your family ready for a natural disaster? How about a financial disaster? Bankrate has you covered for both.

1. Prepare for hurricanes and other natural disasters. We'll give you tips on supplies, insurance and the financial paperwork you need before and after a storm.

2. After the storm passes, you may be glad you have flood insurance.

3. Here's a different type of chos: Will the big banks be broken up? Read on to see how it would potentially affect you.

4. Bank of America dumped payment protection plans after a class-action lawsuit alleged the company didn't honor the add-on product. I guess it's hard staying accountable in a down economy, eh? Read more about which add-ons are worth the cost and other ways to prepare for financial disaster.

5. Mortgage rates are slowly climbing again, and if you hadn't already heard, so are home prices in many U.S. markets. If you're considering buying a house, experts say start locking.

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