Home › Forums › Financial Preparedness › Emergency Funds › Hurricane Andrew and No Cash On Hand Fiasco! › Reply To: Hurricane Andrew and No Cash On Hand Fiasco!
October 18, 2018 at 6:22 am
#752
But I digress. Cash – I keep it in random hiding places all around the house. I don’t like to keep it all in one place, lest someone find one of my stashes. I use small, fire-resistant safes and I keep it in ziplock bags in case of water/floods.
I learned in a way much like FP (the hard way that is) that insurance companies only replace a small amount of cash in the event of theft or destruction. You can have thousands of dollars squirreled away and they max out at something like $300.
