Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund?
While it is true that homeowners insurance will cover emergencies, it is very important to check and make sure that your policy is covering everything that it needs to. A great example is what happened to all of those without flood insurance in Tennessee last year. You may opt not to get additional coverage, but then you should make sure that you are setting aside funds for such a catastrophe.