• Home
  • Get A Quote
  • Customer Service
  • Pay My Bill
  • File a Claim
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us

Home | Customer Portal | Pay My Bill | File A Claim | Request A Quote | Mortgagee Request
  

Our Office Hours are 8am - 4:00pm Monday - Friday  You are encouraged to call first to see if we can help you by phone. You can also call your insurance company directly.  Their contact information is found here Pay My Bill.logo by&d

 Give us a call! (508) 487-0500  (508) 349-6311 (508) 432-1256

 

  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
      • General Liability Quote Request
    • Condominium
    • Dental
    • Flood
    • HealthImage of right arrow
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • Homeowners
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Personal Umbrella Insurance
    • Renters
    • Special Events InsuranceImage of right arrow
      • Wedding Protector Plan Quotes
      • Private Events Protector Plan Quote
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Driver to Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Add Driver to Existing Commercial Auto Policy
      • Mortgagee Insurance Request
      • General Liability Certificate Request
    • Flood
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Mortgagee Insurance Request
    • Watercraft & Boat
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Benson, Young & Downs Insurance Agency, LLC
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter

 

 

Home > Blog > 4 Times to Lean on Your Emergency Savings

 

FRIDAY, SEPTEMBER 10, 2021

4 Times to Lean on Your Emergency Savings

4 Times to Lean on Your Emergency Savings

4 Times to Lean on Your Emergency Savings

Even a perfectly planned budget can be thrown off track by a surprise expense. That's why you've carefully set aside savings in your emergency fund.

But what kind of situation can warrant dipping into that fund? Since you've dedicated that money to emergencies, you owe it to yourself to make sure you spend it wisely.

From unexpected car repairs to home maintenance, here's when you should use your savings.

Job Loss

If you unexpectedly lose your job, you still need to pay the bills. Your emergency fund provides you a cushion to keep up with your expenses as you decide what's next for your career.

Car Issues

What happens if your car breaks down? First, you'll need to pay your car insurance deductible and figure out any additional expenses related to repairs and a rental. Then, your savings can keep you on the road while your vehicle is in the shop.

Home Damage

Storm or flooding destruction to your home may require repairs as soon as possible. Your emergency fund is there to cover your home insurance deductible and any additional expenses related to the damage.

Where Not to Spend Your Emergency Fund

Remember: Not every unexpected expense counts as an emergency. For example, if you have the opportunity to go on an exciting trip or decide you want to upgrade your phone to a new model, it probably doesn't make sense to pay for those purchases from your emergency fund.

In addition to your savings, you have insurance to help protect your belongings and your financial security.

Get in touch to talk about your car and home coverage. Together, we can discuss your benefits and any potential updates.


Posted 11:09 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

  • insurance(2)
  • driving(1)
  • fresh(1)
  • auto(1)
  • paperwork(1)
  • fence(1)
  • replacing(1)
  • idea(1)
  • distracted(1)
  • important(1)

View Mobile Version
Facebook
LinkedIn
Twitter
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo

Resources

Home About Us Get a Quote Customer Service Newsletter Contact Us TC

Contact Us

  • 56 Howland St.
  • Provincetown, MA 02657
  • Phone: 508-487-0500
  • Email: insure@byandd.com
© Copyright. All rights reserved.
“Information provided on this website does not constitute professional advice. If you have legal, tax or financial planning questions, you need to contact a qualified professional.”
Powered by Insurance Website Builder