The article emphasizes the importance of financial preparation for natural disasters, urging households in vulnerable areas to take proactive steps beyond insurance. It highlights recommendations from FEMA and the Red Cross, which include organizing important documents, taking photographs of belongings, and having cash on hand. Lisa Berdie from the Financial Health Network stresses the significance of addressing both major disasters and smaller ongoing climate stressors, recommending actions like weatherizing homes and improving air quality. A comprehensive preparedness plan can help mitigate financial risks to households in disaster-prone areas.
Some of the action steps that households can consider include weatherizing homes and addressing health hazards that are worsened by climate hazards, like mold and air quality.
Key here is recognizing that it is not just the headline-grabbing events, but smaller-scale events and chronic stressors... that have dramatic financial consequences for households.
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