How to financially prepare for weather disasters

While you can't control the future path of Mother Nature, there are steps you can take now to protect yourself financially

Illustration of home windows and a piggy bank
'Climate change and weather disasters don't just add inconveniences and potential danger to our lives, but they can also impact our bank accounts'
(Image credit: Illustrated / Getty Images)

Between devastating wildfires and hurricane season, extreme weather events are likely on the minds of many. And unfortunately, due to climate change, they are likely a sign of things to come.

"Climate change and weather disasters don't just add inconveniences and potential danger to our lives, but they can also impact our bank accounts," according to The Balance, particularly if you're directly impacted. These effects can include home repairs and insurance deductibles, but they may also encompass "time in hotels, work disruptions and other unexpected costs," depending on the extent of the damage. So while you can't control the future path of Mother Nature, there are steps you can take now to protect yourself financially.

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Becca Stanek, The Week US

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She previously served as a deputy editor and later a managing editor overseeing investing and savings content at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related content. Before that, Becca was a staff writer at The Week, primarily contributing to Speed Reads.