How Do You Financially Prepare for a Major Disaster?

Early estimates are that Hurricane Sandy may cost as much as $50 billion. While insurance will pick up some of those costs, a lot of people will be on the hook for damages, repairs, lost wages -- the list goes on.

So what's the best way to prepare for an emergency? Madeleine and Val talk to financial analyst, nationally syndicated columnist and author Kathy Kristof.