What potential home emergencies can you plan for?
Life’s full of surprises. Yet some of them aren’t quite the nice ones we’ve envisaged!
With living costs increasing and many of us having less money in our pockets than before, it’s important to be prepared for home emergencies should they arise. If you’re not sure which emergencies you should be planning for and how to put your plan in place, we’ve done all the hard work for you below.
How to create an emergency plan?
When creating your emergency plan, think about your needs. For example, tropical storms and hurricanes aren’t common in the UK, so your emergency plan probably won’t account for those specific events. However, it could cover you for floods if you live near a river or by the coast.
What should your emergency plan cover?
Damage to your home
Home emergency funds should cover the cost of fixing unexpected problems that will affect your living conditions. As such, you’ll want to ensure structural and electrical faults are covered as these can be dangerous if left untreated.
Depending on where you live, you may also want to consider covering the following:
- Pest infestations
- Boiler breakdowns
- Plumbing issues
As they say, it’s better to be safe than sorry!
A home invasion
Your home is your safe place. It’s never nice to think of someone breaking and entering. However, with over 250,000 burglary incidents reported in England and Wales in 2021 alone, you can never be too careful!
As part of your emergency plan, you should factor in any costs associated with burglary. For example, you may want to set aside enough money for new windows and doors, extra-secure locks and even a home CCTV system if you feel you need it.
Should you get emergency cover?
Saving enough money to foot the bill in an emergency is no mean feat. If you’re not sure whether you’ll be able to afford to pay out should things start going south, you might want to get home emergency cover. By taking out a comprehensive policy, you’ll have peace of mind that you are covered if anything does arise.
However, it’s important to consider your finances and only opt for a policy that you can afford.
Final thoughts…
You never know when a disaster might strike. As such, it’s important to have a home emergency plan to protect yourself and your family from hardship.
If you haven’t already, what’s stopping you?
