Natural disasters remain a problem in America, and New study from Wells Fargo Shows that many Americans are not physically or financially prepared when they hit.
About 84% of Americans currently live in areas that have experienced some form of natural disaster in the past three years, the study released Sept. 22 found. And 54% of those respondents live in areas that have experienced severe natural disasters such as hurricanes, tornadoes, floods, wildfires or earthquakes. Additionally, 72% of Americans said that their families were personally affected by a natural disaster at some point in their lifetime.
However, despite being close to natural disasters, 71% of Americans said they did not have a detailed plan in case they were to be affected by one, the survey showed.
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Many Americans are unprepared for natural disaster events
Of Americans who said they were unprepared for a natural disaster, 40% said they had never thought about planning, 35% focused more on immediate issues, 31% unprepared and 16% said they did not. ‘Don’t know how to prepare,’ survey found.
“The survey confirms a lack of physical preparedness for emergencies as well as a lack of financial preparedness for most people,” said Rulla Price, Wells Fargo’s head of public affairs resilience and enterprise incident communications. “Given that half of those surveyed said they would like their bank to actively help them with natural disaster planning, I believe it is important for Wells Fargo to educate and educate people. This is an opportunity to inspire you to make some changes for the better – starting now.”
If you’re looking for preparedness methods, you might consider getting homeowner’s insurance that covers damages caused by the more common natural disasters in your area. Having the right coverage can save you money in an emergency, and comparing multiple providers can also help you save on your monthly payments. Visit Credible once to enter your information See more offers from multiple providers.
plans and finances are incomplete
A Wells Fargo survey found that even when consumers have a plan, it is often incomplete. Among those with the plan, 78% preferred food and water supplies, 63% included emergency cash, 61% wanted access to important documents and 59% Listed a planned transportation and evacuation route. Plans include low priority items such as medical needs (54%), a family communication plan (52%), a shelter plan (49%) or a plan for pets (44%).
“Most people’s plans lack detail,” Price said. “It is essential to really think through all possible scenarios. For example, only a quarter of respondents outline specific plans for members in households of varying ages. This is unreliable for vulnerable people such as children and seniors. is vitally important.”
Important items to include in a preparedness evacuation plan kit in case of a hurricane or other emergency include:
- Medicines, prescriptions and other medical care
- First Aid Kit
- non-perishable food
To make sure you are prepared for any scenario, create an emergency plan and prepare your home. And make sure you have the right protection, such as potential flood insurance. You can visit credible to pre-qualify for homeowner’s insurance In minutes without affecting your credit score.
Apart from being physically unprepared, The study also found that only 44% Americans have an emergency savings account, and many don’t carry cash. Another 39% said they do not keep emergency cash at home, and 11% have $100 or less in cash at home.
“We are evolving to a cashless society – but during an emergency, cash is needed,” Price said. “In times of natural disaster, you may not have easy access to ATMs, and credit cards may not work when the power is turned off. It is important to be prepared for all possible events.”
If you are dealing with the effects of a national disaster and do not have emergency savings, you may consider taking out a personal loan while interest rates are at record lows. It can help you meet your immediate needs. Visit Credible to Compare Personal Loan Options from multiple lenders at once.
how to prepare for natural disaster
There are steps they can take to make sure Americans are prepared for a natural disaster. One of them is to make an emergency kit that contains important documents like passport, social security card and birth certificate. It should also have food and water supplies, extra cash and other necessities.
Americans should also keep their finances in order and have an emergency savings account. Personal loans are available to help cover expenses if their account doesn’t have enough for their needs or emergency repairs. Visit Credible to know your personalized rate.
Homeowners should also make sure they have adequate coverage for natural disasters that may affect their area. Visit Reliable to Talk to a Homeowner’s Insurance Specialist And, Get Your Questions Answered.
You have questions related to finance, but don’t know what to ask? Email a trusted money expert [email protected] And your question can be answered by credible in our Money Expert column.