Severe weather events cause billions of dollars in damages each year, between hurricanes, fires, tornadoes, floods, earthquakes and severe winter weather. In fact on average, disasters cost $29 billion per year. What are the risks in YOUR state and city? How well prepared are you for a disaster? How can you be financially protected?
As we reach the 10th anniversary of Hurricane Katrina—the most costly insured catastrophe in the U.S.—Americans have become complacent about disaster preparedness. Too many homeowners, renters, and business owners underestimate their risk. And, many think they are saving money by buying as little insurance as possible or forgoing flood, earthquake or other important insurance coverage. This is a mistake. About one in 15 insured homes has a claim each year.