No matter if you are renting or own your home, disasters are bound to happen. From weather damage to a broken boiler and washing machine, accidents and breakdowns can make you feel like you are losing the ground under your feet. Below you will find a few tips on how to deal with emergencies and be prepared for the worst to get through the hard times.
Have an Emergency Fund
Even if the event is covered by a breakdown cover or insurance, chances are that you will have to wait until the money comes through and the paperwork is complete. This means that you will need to initially cover the cost of repairs or alternative accommodation. Have enough money in your saving accounts to fund the Water Damage Restoration service and the cost of your hotel or bed and breakfast until you can return home.
Always Check Your Insurance Small Print
It is also crucial that you have adequate insurance. Just because you have had the policy for a long time, it doesn’t mean that you are covered for the event. Whenever you renew your insurance, read the small print and pay attention to the exclusions and limitations, so you don’t end up with a nasty surprise and having to fork out a lot of money to restore order.
Sometimes we simply don’t have the money to move house temporarily or pay for the repairs. If you maintain a good credit history and rating, you can take out a short term emergency loan that will help you survive the difficult times. The better your score is, the cheaper it will be for you to secure finance and carry on with your life.
Have an Emergency Plan
To stay calm when emergency strikes, you have to be prepared. Create a list of people who can help you out; give you a shelter for a few days, or move your furniture to a storage. Sometimes planning for emergencies can seem like being overly cautious, but it pays off. Most of us can’t think clearly when we are in the middle of a disaster situation, so referring back to the emergency plan can come handy.
Protect Your Kids
When you deal with no electricity, heating, hot water, or other home emergencies, you will first have to think about your kids’ well being and comfort. Talk to your friends and family members to see if they can look after them for a few days, while you are trying to solve the issues and restore the house and the comfort. After all,