Emergency Displacement Funds
Jul 31, 2018 // By:admin // No Comment
In Wisconsin, natural disasters increase the odds of displacement for homeowners. The events cause serious devastation and destroy properties in a matter of minutes. Homeowners who have been displaced need assistance when seeking shelter. A local short-term lender offers fast assistance for homeowners who need to get by until their next payday.
Temporary Displacement Limitations
Homeowner’s insurance policies offer temporary displacement funds for homeowners who cannot return to their homes immediately. The process for obtaining the funds requires the homeowner to file a claim through their insurer. The volume of claims that are processed at the time delays access to the funds. A short-term lender helps homeowners by providing an almost immediate solution.
Paying for Hotel Fees
The day following a natural disaster requires homeowners to find shelter quickly. Local hotels and motels offer rooms for the displaced homeowners at their standard rates. If the homeowner doesn’t have their displacement funds, it is not possible for them to check into a hotel or motel immediately. Emergency funding is available through their local short-term lender. The funds are processed and deposited directly into the homeowner’s checking account.
All Families Need Food
While it isn’t ideal, fast food restaurants that are still open offer immediate nourishment for families. The cost of the meals is managed through their short-term lending options. Workers who cannot reach their job immediately after the disaster receive a portion of their wages. Access to their wages provide the workers with the funds they need to repay a short-term loan.
Covering the Basics
Short-term loans also help families obtain the basics. Stores that have reopened after the natural disaster offer shampoo, toothpaste, and other toiletries. The homeowner has access to clothing and household goods they need as well. The short-term loans provide adequate funding for the emergent items and give homeowners hope.
In Wisconsin, natural disasters produce massive devastation quickly and displace local homeowners. For homeowners, the circumstances are dire and leave them without immediate assistance. Major disasters lead to significant delays in processing insurance claims and giving homeowners the funds they need now. A local short-term lender offers fast access to loans ranging up to $2,000. Homeowners who need more details about the services contact Blue Trust Loans right now.