[Tendz]

Natural disasters can damage physical assets like your home and business, which can knock off your finances in the process. Hence, it's best to prepare yourself financially if a natural disaster strikes.


Secure important documents

Store your critical documents in a safe place, where it's easy to find them. Better to place them in a fire and waterproof box. You can also digitize necessary records, just make sure they are password protected.


Make sure your insurance is up-to-date

Now is the good time for making sure you have adequate protection. Evaluate whether there are gaps in your disaster coverage. Earthquake and flood damages aren't always covered by general policies.


Boost your emergency fund

This is the perfect time to add onto an emergency fund. If you have repair costs that are not covered by insurance, or you are unable to return to your work for an extended time, you may need the emergency fund to help pay for disaster related supplies and everyday living expenses.

[Fergal]

Thanks Tendz, for posting a Top 101 Money Tip. Sending ForumCoin now

[Tendz]

Thank you so much!!

[augusta]

Natural disasters are part of life that sometimes we can't just help but the thing needed is just protective measure's that will help you save from spending so much money ehrn it strikes. Your suggestions are all valid

[Tendz]

When it comes to natural disasters, we are always told to prepare in advance to protect ourselves and our family. While our main focus may be on food, water and medicines, but what about our finances? It's important to take measures to protect and save our finances too.

[Treborika]

It's good to be prepared for the worst as always we are told that. A disaster never gives a notice it just comes as abruptly as an earthquake

[monster_masterpiece]

A financial advisor could be helpful to such cases.

[Fergal]

A financial advisor could be helpful to such cases.

Can you please expand a little on that, how can they be helpful?

[Yugocean]

A financial advisor could be helpful to such cases.

Can you please expand a little on that, how can they be helpful?

I got a good laugh, financial adviser first have to advice himself/ herself.

[augusta]

It's good to be prepared for the worst as always we are told that. A disaster never gives a notice it just comes as abruptly as an earthquake

it is more like unpredictable, you can't even sometimes see it coming. So the best bet will be to put some preventive measures so that even if it eventually happens it wouldn't be so devastating.

[Tendz]

A financial advisor could be helpful to such cases.

Yes, it's absolutely right. But, not everyone can afford a financial advisor. However, having an adequate insurance is essential to help you rebuild and recover from the loss and damage.

[peachpurple]

Ensure that you have funds overseas, in case the currency in your country drops, at least you have spare funds elsewhere.