Try to Control What You Can, When You Can
Did you know that April 30 in National Preparedness Day? Me neither! I find it kind of funny that we have a National Preparedness Day- since we have all been preparing our entire lives. Preparing for school, preparing for sports activities, preparing to go to bed, preparing to get a job, preparing to ask out a date, preparing for just about everything- every single day of our lives!
But we rarely prepare for the unexpected. Like a car crash, or loss of a loved one, or the loss of our job, or what to do if our house burns down, or how to prepare for our financial future. I am working on that last one as we speak- the impending birth of my daughter made me realize how inadequately prepared I am for many things. We have enough money for today, enough supplies for a week, enough (hopefully) insurance for a major illness. But I have relatively little savings to send a kid to college (estimated to be over $240k in 19 years!).
But enough about me. In order for you to prepare, you should take a long hard look at your situation, both things that you can AND can’t control. For example, you have some control over your daily life and work. But if you lose your job, what control do you have then? There are also things you can’t control. Like an earthquake, flashflood, or getting hit by another driver on the freeway.
So take stock in things you can and cannot control and assess them a level of importance. Then visit with your local Insurance Agent, Financial Planner, Physician, and Safety Expert (me!) to see how we can help you. Let’s use a recent example I encountered while working as a firefighter. I will use a real example and the most accurate numbers that I can.
The scenario is a single mother with 2 kids, involved in an automobile accident.
- Mom- seat belted but suffered broken arm
- 10 year old- ejected from front seat (rear is best place for ALL kids under 13)
- 14 month old- ejected from car seat with life threatening injuries
- 2 air ambulance bills- around $30,000 total
- Ground ambulance to trauma center- around $4000
- Hospital bills for all 3- estimated at over $750,000
- Vehicle was totaled- valued at $7500
- Lost job due to injuries to kids- unknown income loss
- Miscellaneous bills (car insurance, estimated medical bills, etc) $80,000 out of pocket
- Purchase new car and car seat- estimated at $20,000
We could have gotten her infant seat properly installed and warned of the dangers of kids riding in the front seat. Unfortunately we did not get that chance, and her family suffered as a result. If he had used our $30 service, she could have saved over $100,000 in out of pocket costs.
Take control of what you can, and let the professionals handle the rest. Call us today!