3 Financial Steps to Take After a Natural Disaster

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3 Financial Steps to Take After a Natural Disaster

MSN

Hurricanes have a way of reminding people that we are all potentially one natural disasteraway from finding ourselves in big trouble.

Hurricane Harvey obviously got everyone’s attention when it stormed onto the Texan shores on August 26, devastating in particular the city of Rockport, taking out power lines in communities such as Corpus Christi and Edna and flooding much of Houston. Thousands of people, as you likely know, have been rendered homeless. Many people were only able to escape flooding with the clothes on their backs and their wallets and cellphones; some survivors likely only have their wet clothes. For those who don’t have flood insurance, and reports suggest most Houston residents don’t have it, it’s easy to imagine that tens of thousands of people may end up having to start completely over.

In other words, putting your financial life back in order may take some time. A lot of time. But if you live in southeastern Texas, or if you’ve recently been on the receiving end of any natural disaster, some of what you’ll want to try and do includes the following.

[See: 10 Terms First-Time Homebuyers Must Know.]

Contact your insurance company.

This one’s a given. And while nobody’s suggesting you call while you’re in your house, hunkered down while a hurricane is ripping through your neighborhood, you do want to consider when exactly the best time to contact them is, based on the amount of damage to your house.

“Some states have a statute of limitations on a…Read More

Lakeem Khodra
Lakeem Khodra
News Writer/Contributor at Tyranny News @lakeemk

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