5 Bills You Need To Pay During a Natural Disaster, 5 Bills You Can Put Off
Written by
Jamie Stone
Edited by
Amber Barkley
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When a natural disaster strikes, financial priorities can shift in an instant. Between emergency expenses and possible loss of income, it’s crucial to determine which bills need to be paid immediately and which ones can be deferred without severe consequences.
Managing your finances strategically during a crisis can help prevent a natural disaster from turning into a financial catastrophe.
Bills You Need To Pay During a Natural Disaster
These five bills really shouldn’t be put off if you can help it.
Mortgage Payments
Housing security should be your top financial priority. Missing mortgage payments can lead to late fees, credit score damage or even foreclosure.
If you’re renting, some landlords and/or cities may offer grace periods — or not require rent at all — but it’s best to communicate your situation early and check with your local government.
Homeowners or Renters Insurance
If your property is damaged, you’ll need your insurance policy active to cover repairs or replacements. If a disaster has already occurred, check your policy’s terms: Some insurers offer extensions or delayed payment options.
Utility Bills (Water, Electricity, Gas)
Keeping the lights on and ensuring access to clean water is essential, especially if you’re sheltering in place. Many utility companies provide hardship programs or disaster-related payment deferrals, so check before missing a payment.
Auto Loan and Car Insurance
If your car is damaged or you need it for evacuation, maintaining your insurance and staying current on your loan can help avoid repossession and ensure coverage in case of claims.
Health Insurance
Medical emergencies can escalate quickly, making health insurance one of the most critical bills to keep up with. Many insurers have disaster relief policies, so contact them if you’re struggling to pay.
Bills You Can Potentially Put Off
These five expenses are less urgent, so you have a grace period.
Credit Card Payments
Many credit card companies offer hardship programs or deferred payments during disasters. While interest may still accrue, skipping a payment temporarily might be necessary if money is tight.
Student Loans
Federal student loans often have deferment or forbearance options in case of financial hardship. Some private lenders also offer temporary relief, so reach out to your loan servicer.
Subscription Services and Memberships
Non-essential services, like Netflix, Spotify and gym memberships, can often be paused or canceled without penalties. Cutting these costs can free up cash for more pressing expenses.
Personal Loans
Many lenders offer disaster relief programs that allow you to defer payments without major penalties. Check with your lender to see what options are available.
Taxes (In Some Cases)
The IRS and state tax agencies often grant extensions to those affected by natural disasters. Always verify deadlines and any relief programs available in your area.
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