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The original item was published from 4/13/2023 4:43:16 PM to 5/5/2023 3:25:57 PM.

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County of Wetaskiwin News

Posted on: May 9, 2023

[ARCHIVED] EP Week - Financially Prepared

EP Week May 9 2023

Insurance is a financial safety net. The right coverage will speed up the recovery process.

The 2022 Survey of Albertans shows only 43% of Albertans have adequate insurance and 40% have an emergency fund.

Being financially prepared is about more than just having money in the bank.

  • Learn the difference between insurable and non-insurable disaster
  • Talk to your insurance provider to ensure you have adequate insurance
  • Keep a detailed list of all property, including photos, in case you must file a claim
  • Keep cash on hand
  • If possible, create an emergency savings account to cover expenses during an emergency
  • Know what type of assistance your insurance policy provides and how to claim if needed
  • Know the steps for making a home insurance claim

BE PREPARED TIP: The Government of Alberta's disaster recovery program may be an option for recovery after a disaster but should be considered a last resort. It does not cover all types of damage, loss or the full cost of replacement. Visit Disaster Recovery Program to learn more.

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