The Most Common Emergency Expenses People Are Facing

November 8, 2021 | Daniel Dewitt

emergency expenses

Emergency expenses always take us by surprise. There’s an old cliché about expecting the unexpected. But what is the unexpected thing that you need to expect?

Well, it could literally be anything, but some unforeseen circumstances are more common than others. The most common emergency expenses that people have to face tend to be medical issues (either for them, their family, or their pets) and repairs to their home or vehicle.

In this post, we’ll talk in detail about the most common types of emergencies, how to handle them, and how Louisiana payday loans can help you out if you’re facing one right now.

5 Types Of Emergency Expenses

1. Serious Injuries and Death

This is one of the most common emergency expenses that throws people into economic hardship. Just because a person has health insurance does not mean that they are sheltered from financial strain if they get seriously ill or injured.

Most health insurance plans require you to split the costs of your medical expenses with them. These costs usually come up in the form of deductibles, co-payment fees, and coinsurance. Even with a good health insurance program, a medical emergency can quickly leave you tens of thousands of dollars in debt.

To avoid this, it’s important to know what your financial liability is with your insurance plan before something bad happens.

2. Major Home Repairs

Major home repairs are common examples of emergency expenses. The need for these repairs comes at the worst times and this is one of the fastest ways to drain your emergency savings fund. Some of the most common emergencies that arise for homeowners include:

  • Window installation
  • Roof replacement
  • New plumbing fixtures
  • Sump pump installation
  • New air conditioning units

3. Pet Emergencies

The regular expenses that come with owning a pet are usually manageable, but when your pet has an emergency, it can ruin you financially. Emergency expenses can include procedures and surgeries for pets that can easily cost thousands of dollars. Some of the most common are:

  • Bladder stone removal
  • Ruptured knee ligaments
  • Shattered leg orthopedic surgery

One way that you can prepare for this eventuality is by investing in pet insurance.

pet emergency expenses

4. Dental and Vision Coverage

Most people don’t think that they will need to pay much for dental and vision care, but these are some of the most costly emergency expenses that people face. Dental and vision insurance plans exist, but they are often not included in basic health plans.

Even when using discount eye exams and glasses, the cost of your vision care can cost hundreds, if not thousands, of dollars.

5. Car Repairs

Car repairs aren’t necessarily as unexpected as other items on this list, but it’s hard to know when your car is going to break down until it actually happens. Many people are also wary of being ripped off by unscrupulous mechanics.

Car repairs are particularly upsetting emergency expenses that people commonly face. Not only are these repairs expensive and rarely covered by insurance (unless the vehicle was damaged in a car crash), but most people also need their cars to function.

There are still some cities with adequate public transportation, but most people need a reliable vehicle to get to and from work.

Their livelihoods quite literally depend on their vehicles and while there are some home repairs and medical issues that can be ignored to some degree (even if it’s not a good idea to do so) vehicle maintenance is almost always unavoidable.

How To Deal With Unexpected Emergency Expenses

Emergencies arise for almost everyone at some point, and it can be terrifying when they happen. But you don’t need to be stressed, because Cash Cow has your back covered. With Cash Cow, you can get your Louisiana payday loans to keep yourself on your feet when disaster strikes.

Advantages of Cash Cow

There are a lot of advantages to getting payday loans with Cash Cow.

  • They help you out regardless of how good or bad your credit is
  • You don’t need to bring tons and tons of documentation, you just need your ID, a pay stub, and a blank check from an active banking account in your name.
  • You could get your money in as little as 30 minutes.

How Does It Work?

  • Call your nearest Cash Cow location or fill out the simple online request form.
  • When your representative from the nearest Cash Cow location calls back, you will confirm the information you submitted and go over the materials you need to bring to your meeting.
  • When you come to the meeting, you will confirm that you have all of your materials, and then you will be helped through the application process which takes less than an hour.

payday loans in louisiana

Get Your Payday Loan Today!

No one likes having to face a lot of unforeseen expenses. These expenses are even less fun when you have to go through the logistical hassle of finding a new car or facing major repairs to your home. When you, a loved one, or a beloved pet is seriously sick or injured, consider payday loans in Louisiana for an option. All you need to get started is fill out a short inquiry form on our website.