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Conduct Web research or contact an insurance agent to determine the natural disasters that occur most...

Conduct Web research or contact an insurance agent to determine the natural disasters that occur most frequently in your geographic area. What actions could a renter or homeowner to reduce the financial risk of these natural disasters?

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Answer #1

Actions which would be rendering a homeowner to reduce the financial risk of natural disaster are as follows-

A. matching with the insurance coverage with the risk associated with natural disaster and it will be helpful in reduction of the overall risk of the individual

B. Preparation of the emergency financial kit that will include on search financial statements along with the credit card statement and tax returns.

C. One can even take to various safety in order to keep themselves safe like elevation of the furnace for waterproof sealant installation.

D. having a flood insurance will also helping in reducing the risk associated with the natural disaster.

E. Keeping up with the emergency fundings are also helping in order to eliminate the risk associated with the quick survival after natural disaster.

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