Disaster-Resistant Finances: What to Do Before and After Catastrophes
Description
Learn how to prepare financially for natural disasters with practical tips on planning, saving, and post-disaster recovery.
How can you financially prepare for a natural disaster? What should you do to recover financially afterward? Host Sean Pyles and NerdWallet insurance writer Caitlin Constantine discuss the financial impact of climate change and share actionable strategies to prepare for and recover from natural disasters. They begin with practical tips for disaster preparedness, including creating a home inventory, saving for emergencies, and understanding insurance coverage.
Then, Kate Bulger, senior director of business development for nonprofit financial counseling agency Money Management International, joins Caitlin to discuss post-disaster recovery strategies. They explore how to work with insurance companies, access FEMA and other financial assistance programs, and avoid common scams in the aftermath of disasters.
Where to turn when a natural disaster upends your finances: https://www.nerdwallet.com/article/finance/where-to-turn-when-a-natural-disaster-upends-your-finances
What is FEMA and what can it do for you? https://www.nerdwallet.com/article/finance/what-is-fema
To stay informed about how the Los Angeles fires and other developing news events could impact your wallet, follow NerdWallet’s financial news hub: https://www.nerdwallet.com/h/news/financial-news
In this episode, the Nerds discuss: disaster preparedness, financial disaster recovery, home inventory checklist, how to prepare for natural disasters, emergency savings tips, disaster insurance, FEMA disaster assistance, post-disaster financial aid, saving for emergencies, how to avoid disaster scams, natural disaster financial planning, insurance coverage for disasters, disaster loans, flood insurance tips, tornado financial preparation, wildfire emergency planning, disaster recovery strategies, financial counseling after disasters, emergency cash reserve, how to protect finances in disasters, Small Business Administration disaster loans, keeping financial records safe, Project Porchlight, natural disaster credit card tips, budgeting for disasters, disaster financial checklist, avoiding insurance scams, rebuilding finances after disasters, climate change financial impacts, emergency financial preparedness, disaster recovery centers, handling financial trauma, managing finances after a flood, and disaster readiness tips.