September 1-7 “Save Early for Disaster Costs”

Prepare financially for disasters, now. Saving money and having insurance are the best financial defenses against disasters.

  • Create a budget that includes a savings plan so you can be ready for the unexpected.
  • Set aside money for an emergency fund to cover disaster costs you may incur including hotel stay, food, gas, and insurance deductibles. 
  • Have cash in your emergency supply kit to be ready for an extended power outage when there may be limited access to ATMs and credit cards.
  • Learn more about the many ways that you can be financially prepared in the case of a disaster or emergency by going to Ready.gov.

Insurance Coverage

  • Whether you own or rent, having insurance is essential to recover more quickly from a disaster.
  • Review all your insurance policies to make sure you’re covered against floods and other risks common in your area.
  • Homeowners and renter’s insurance do not typically cover flood damage; yet floods are the nation’s most common and costly natural disaster.
  • Recovering from just one inch of water inside a building can cost more than $25,000. Learn more at FloodSmart.gov.

Financial messages for youth

  • Help young people gain financial knowledge, skills and habits to help them be better prepared to make important financial decisions throughout adulthood, including having an emergency savings fund for when disaster strikes.
  • Encourage young people to start building good money habits. Saving a little bit at a time helps them learn the importance of preparing for all kinds of emergencies.
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