Share your insights or perspective on the financial matter presented in the input.

What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund?
Annual property tax and home insurance come to mind as things that are easily forgotten, but surely the biggest true, "I didn't see that coming," is a major car repair. There are a number of things that can go wrong with a car with little warning and end up costing a thousand dollars or more.  Since most people are dependent upon their car for getting to work, doing anything but fixing or replacing the car is not an option.  If you fix it, that's an out of pocket expense that most aren't prepared for.  If the car has some age, you might be inclined to replace it, but doing so in a rush costs a lot more than taking your time in such a decision.