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Planning financiallyfor naturally occurring disasters isnt easy, especially when they become prevalent.
Extreme weather events have become an alarming nationwide issue.
You divide your mortgage, taxes, insurance and other debt payments by your gross income.
If it is more than 36%, you may feel a bite in your lifestyle.
According to Mangold, people should have three to six months of expenses saved.
Take Note of Your Valuables
Losing everything in a fire or flood is devastating.
With the exceedingly high volume of claims submitted at once, there can be delays.
Being prepared can help move things along.
In California, we urge clients to have their home certified bywildfireprepared.org, Schneiderman said.
He also suggested that people get home leak detection and automatic shutoff devices such as Flo by Moen.
Review Your Policy
Dont wait until an emergency to find out whether your policy covers you.
Just because a landlord does not require renters insurance does not mean you dont need it.
Schneiderman recommends reviewing your policy with an agent and not rushing through the process.
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