Fires, flood and other disasters can  strike homeowners without warning, leaving you little time to do anything except seek shelter and safety. The loss of property and belongings can be terrible, but if you’ve failed to plan ahead, the destruction could leave you financially devastated as well.

Yet there are steps you can take to ensure you have a financial airbag in case disaster strikes. Click ‘Play’ to learn about new ways to protect yourself and your savings — in 90 seconds.  

To comment on this story or anything else you have seen on BBC Capital, head over to our Facebook page or message us on Twitter.