Why crisis Contingency plan isimportant?

A contingency plan is important because it is a What If plan. Things seldom go exactly as we plan, so having an idea of what to do when they go terribly wrong is a good idea. Contingency planning is preparing for different scenariOS before they have a chance to happen. For example, your family may choose to have a contingency plan in case one of the parents dies. They may buy life insurance, which would help replace that persons income, so the family could continue to survive with only one parent working. These kinds of plans are important for alleviating worry, and for the simplicity of dealing with a hard situation during that hard time. If you already have a plan, the unknown becomes at least planned for and the hard decisions can be made in a common, sensible manner since you aren't in the heat of the moment, yet.