Discover Asia


3 Ways to Keep Disaster-Proof Finances

In August 2005, the people of the gulf coastearthquakes, floods or hurricanes, it is
United States suffered record losses of life,important to look into the specific types of
homes and businesses from Hurricane Katrina.insurance designed to financially protect you
Merely months before, thousands lost theirfrom the danger most common to your area.3.
homes and lives in Southeast Asia during aKnow what you own.If you are a victim of a
reckless Tsunami. Although it is hard todisaster or emergency and you place an
imagine the threat of natural disasters andinsurance claim on property or belongings,
emergencies until we find ourselves involvedyour insurance company will want to know
in one, it is always smart to plan ahead.exactly what was lost. It is important to
Use the following three tips to help gaugekeep track of your most valuable belongings
whether you and your family are financiallyas well as proof such as photos and deeds to
prepared for an emergency situation orproperty. Make a list of all of your
disaster:1. Start an emergency savingsvaluables, and be specific. Be sure to take
fund.Many individuals and families find itpictures of the current state of each of
difficult to save for the future. While itthese belongings, like your car and the
is important to save for your retirement ordifferent facets of your property, as proof
your child's higher education, you cannotof damage should a disaster strike. Make
forget to plan ahead in case of an emergency.copies of your photos, as well as your
Insurance can help during a time of crisis,family's important documents. Keep these
but very rarely does an insurance claim coveritems in a locked safe or safety deposit box
100% of the damages incurred from a naturalwhere at least one copy is out of harm's way
disaster or other emergency. By putting awayat all times.ABOUT ACCC: American Consumer
small amounts of money each week, month orCredit Counseling (ACCC) is a non-profit 501
pay period, saving for an unexpected event(c)(3) organization dedicated to empowering
can be very easy. Plus, with automaticconsumers to regain control of their lives
online transfers and direct deposit, banksthrough education, counseling and debt
and credit unions can automatically transfermanagement. ACCC provides individuals with
money from your paycheck each week to makethe practical solutions for solving financial
your emergency savings much easier toproblems and recognizes that consumers'
swallow.2. Stay insured.Disasters do happenfinancial difficulties are often not the
and it never hurts to be prepared. While itresult of poor spending habits, but more
is easy to think, "it'll never happen to me,"frequently, from extenuating circumstances
the monthly insurance cost will seem likebeyond their control. As one of the nation's
pennies should you find yourself in anleading providers in consumer financial
emergency situation without any insuranceeducation and credit counseling services,
helping to repair or rebuild your home. IfACCC works with consumers to help them with
you live in a region traditionally prone tothe best plan of action to reduce their debt
certain natural disasters such asand regain financial stability.



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