Year after year mankind has faced different kinds of disasters. But still, can’t be able to find a solution to fight against natural disasters. Disaster causes the destruction in the mass of lives and property. The government of different countries are trying their best to save the people of their country. However, the loss of financial properties is not controllable during such situations. Due to the problems of earthquakes in Malaysia, people faces quite a loss of wealth and property. As the government has taken a step to launch Brim in 2018, which is now updated with the program of livelihood support revision 2019 (semakan bantuan sara hidup 2019) BSH 2019. In this article, you will be able to find about the financial effect of disaster and their solutions as well.
The disaster never gives the sign before coming. Even if somehow it is discovered that disaster might happen, then also the loss of properties like roads, communication infrastructure and building damage can’t be stopped. While the rich people could be able to recover from such losses. But for the small business person, it would be impossible to restart his/her business again. Such destruction is uncontrollable during the natural disaster events.
In the event of a disaster, there is quite a loss of properties which leads to the crisis as well. In such a case people would feel the scarcity of food and other goods for their livelihood also. For such situations, the government have investment portfolios using which they could be able to assist the victims of the natural disaster.
In certain situations, there are the things which can be helpful for you during the events of disaster.
Insurance: You can take the insurance for your property, this way you can be certain that you would not have any financial loss in the event of any natural disaster. While you should be clear about all the details of the insurance policy before taking it for real.
Flood insurance: These types of insurance are quite common for the farmers, as their crops can be destroyed during the flood. In such a case they could be able to claim their losses.
Know your things: After the disaster, you may lose your valuables. In such a case, you need to mark those things. So that you can be able to claim those things after the disaster.
In case of disaster, you need to act fast. Keep your belonging stored in the safe place and find a place where you do not have any life crisis.