Macie recently moved to an area that is known for hurricane activity. She’s overwhelmed by all of the natural disaster preparation let alone the financial risks! How can a financial advisor help?
Select a response.
– Develop a budget
– Find investment diversification opportunities
– Review risk management and insurance options
– Plan for retirement
The correct answer is: Review risk management and insurance options.
A financial advisor can help Macie by assessing her specific risks related to living in a hurricane-prone area and determining the appropriate insurance policies, such as homeowners’ insurance with hurricane coverage, flood insurance, and other risk management strategies. This is crucial for protecting her financial wellbeing in the event of a natural disaster.
If you have any further questions or need more assistance, feel free to ask!