Although hurricane victims have some warning, fire and tornado victims have little notice that they are about to be hit with disaster. And besides lives, the financial losses of a natural disaster can be staggering. For example, according to AccuWeather’s numbers on Jan. 16, the California fires’ economic loss is, so far, between $250 billion and $275 billion.
Nearly 82,000 people from neighborhoods including Pacific Palisades and Altadena were evacuated. But how many of these people were financially ready? Did they have a financial emergency plan for natural disasters? Creating a plan is vital to your economic future.
