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How to Financially Prepare for a Natural Disaster By Navneet Pahal
While no one can predict exactly when a disaster like a hurricane, wildfire, tornado or flood will hit, the key is planning for one as if it will strike eventually. 54
ith the focus on the COVID-19 pandemic, the coming hurricane and wildfire season is likely not on many Americans’ radars right now. However, with many people in a financially precarious position over the last couple of months, it’s more important than ever to be prepared for a natural disaster. While no one can predict exactly when a disaster like a hurricane, wildfire, tornado or flood will hit, the key is planning for one as if it will strike eventually. Here are steps you can take to prepare for if and when a weather-related event impacts you or your family.
Review your insurance policies Check your insurance policies to determine how you’re covered by insurance, primarily to make sure there aren’t any gaps in disaster coverage. For instance, many homeownership policies include damage related to fire but don’t cover damage due to floods or earthquakes. AUGUST 2020 - WWW.DESHVIDESH.COM
