News | Features
19 Jun 2021 16:02
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business > Features

    Ways to prepare for the unexpected

    Life is full of events we plan for and look forward to, like leaving home, starting work or getting married. But sometimes events happen that can’t be predicted and may not be so welcome – like changes to your health, wealth or working conditions.


    It’s important to take some time to plan, so if the unexpected does occur, you and your family will be looked after.

    Think about what you need to protect and the level of risk you’re willing to take. A sensible first step is to consider what is important to you and do a stock-take of your most valuable assets. These might be your home, family, health or career, or for many, it’s a combination of these things.

    The next step is to think about how you can protect these things. Insurance is one option and there are some types of insurance you are required to have, like house insurance if you have a mortgage. And if you own a car, it’s wise to have at least third party car insurance so you’re covered if you damage someone else’s car.

    There are other ways to manage the risk that you may wish to consider – especially if other insurances are beyond your budget. Having access to an emergency fund is a good start. For some, that might mean setting aside three months of income to draw on if the unexpected happens. It might take time to build up – but it’s a good goal to have. For others an emergency fund may be having access to credit, equity in their home or an arrangement with family to support them.

    If you have insurance it’s important to check it’s up-to-date and takes into account any changes to your circumstances. You may no longer need certain insurances or you may decide that what’s important to you has changed.

    Buy insurance that protects what’s important to you and only buy what you need – it’s easy to buy too much insurance but it’s just as easy to buy too little.

    Even though it’s not pleasant to think about what might happen, the more prepared you are the better off you’ll be.

    © 2021 sorted.org.nz, NZCity

     Other Features News
     10 Sep: Spring clean your finances
     13 Aug: Plan ahead to give yourself a debt-free Christmas!
     10 Jul: Wise up to clear credit card debt
     30 Mar: Time for a financial progress check
     10 Feb: Studying up on NZ Super
     10 Jan: Managing the back-to-school bills
     10 Dec: Stay in charge of your Christmas spending
     Top Stories

    RUGBY RUGBY
    The depleted All Blacks midfield stocks have suffered another hit More...


    BUSINESS BUSINESS
    Exporters are pinning their hopes on a free trade deal with the UK to be done and dusted by August More...



     Today's News

    Athletics:
    Eliza McCartney isn't pulling the pin just yet 15:46

    Entertainment:
    Victoria's Secret has officially retired its Angels 15:41

    Living & Travel:
    Between a rock and a hard place: A Fijian village stares down climate change 15:36

    Golf:
    Russell Henley's coming into his own at the US golf Open at Torrey Pines 15:26

    Entertainment:
    Padma Lakshmi is dating poet Terrance Hayes 15:11

    Athletics:
    American Ryan Crouser has broken the men's shot put world record, with a 23.37 metre throw at the US Olympic track and field trials in Oregon 14:56

    International:
    United Nations condemns Myanmar coup and calls for halt of weapon supplies to junta 14:46

    Entertainment:
    Rege-Jean Page found it "overwhelming" watching his steamy 'Bridgerton' scenes 14:41

    Golf:
    English golfer Richard Bland could be on to something when he says it's been a year for the oldies 14:36

    Entertainment:
    Scott Disick has spent $57,500 on another birthday present for Amelia Hamlin 14:11


     News Search






    Power Search


    © 2021 New Zealand City Ltd