There are different types of accidents and emergencies, so you want to make sure that you are preparing for all of them, at least a little bit. If you are injured in an automobile accident do you know what to do? If your house is damaged in a storm will you simply have lost everything with no chance of recovery?
Always Insure Your Properties
Even if you end up never needing it, insurance is a good way to save some money in the case of emergencies. Most of the time it’s also the law to be insured. In many states if you get pulled over and the police find you’re driving uninsured they will at least give you a ticket.
Your vehicle isn’t the only thing in your possession you should have insured, although this insurance is extremely helpful in the case of an accident or even a fender bender that happens when you’re not even in the vehicle (like in a parking lot).
You also want to have your home insured. Whether you’re a homeowner or a renter, there is an insurance option for you that will not only protect your home itself, but also the contents held within.
Have Medical And Life Insurance
Just like you protect your home and vehicle, you also want to protect yourself and your loved one. Having health insurance is the best way to protect yourself and ensure that you won’t go broke when you get sick or get in an accident. Shop around to find the best premiums. You may also want to put some money away in a health savings account.
Life insurance will help your loved ones in the case of your untimely death. Just because you die doesn’t mean your debts go away, and funerals aren’t cheap either. It can be useful to plan and pay for your funeral ahead of time, and to also stay out of debt,
Stock Up And Know How To Prep
Whether you’re preparing for a natural disaster or you are worried about job loss and want to be one step ahead, it’s always important to have money and some other necessities on hand just in case. As far as money preparations goes, you should have at least three to six months worth of money for bills and life expenses put away.
When it comes to having food and water, how much you need depends on how many people are in your family. Rotate the food that you save, so you can be eating what might spoil and replace it with newer foods. Look for shelf-stable items that have a distant expiration date.