Tips For Budgeting For Home Repairs And Protection

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When it comes to protecting your home and your family, it’s about more than just making sure they know how to dial 911. You want to ensure that if something major happens your family will be safe, and your home will be as well. Safety of your home could mean having the money to rebuild after a fire or other damage.

Your home is important to you, so what are you doing to ensure that you will always have that roof over your head? Here are some things that you should be doing.

Have A Savings Account

If your home is damaged by a fire, a flood, a tornado, or anything else that could possibly happen to harm your home, do you have the money to fix it? Yes, if you are insured they’ll pay for some of it, but maybe not all. Can you replace all of the items lost inside? Restoration services, even in a minor fire, could be a bit costly, especially if you live paycheck to paycheck.

In general, everyone should have a savings account, and within it should be about six months worth of funds to cover everything, from bills to food. This is usually in case of job emergencies, but it’s also good for other emergencies and always ensures you have money when it’s needed.

Get Insured

Most importantly, you should have home insurance. If you don’t you are asking for trouble. It’s just like car insurance, you may never need it, but you still need to have it. Your home insurance, or renter’s if you rent, will not just protect your house itself, but also your belongings within.

If you live in a flood zone, you may need to purchase your flood insurance separate from your regular home protection. Make sure you have it though. The last thing you want is to have a flood only to find out the damages are not covered at all by your insurance.

Practice Safety

It’s also important to make sure that you and your family are safe when it comes to any kind of disaster, natural or not. Practice fire safety in your home, and be sure to have working smoke detectors and a fire extinguisher. Go over safety in the case of things like tornadoes. Have a sheet with important numbers to call and even have a meeting place, in case you aren’t all together with disaster strikes.

Go over all of these plans and run drills on a regular basis. This will help everyone in your family, young and old alike, survive in a home disaster and ensure that they can be better at remaining calm when something does happen.

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