ANCHOR LEAD: Twelve of the 16 most costly disasters occurred in the last decade with the insurance industry paying out over $250 billion in claims to policyholders. Now is a good time to find out if you and your home are properly covered. Chanel Caraway has more. (:60)
SCRIPT: Newsbreak, I'm Chanel Caraway. Whether your area is prone to wildfires, floods, tornados or hurricanes, it's important to make sure you're properly insured for when a disaster strikes. Jeanne Salvatore of the Insurance Information Institute says keep a few thoughts top of mind.
CUT: (Salvatore) The first thing, is you want to get in touch with your insurance company, then review your coverage. Make sure that you understand what disasters are covered and what disasters are not.
SCRIPT: Salvatore says most insurance policies cover things like wind damage, but when it comes to flooding and earthquakes… that's a different story. She says make sure you have the proper coverage and enough of it. Then, there's the deductible…
CUT: (Salvatore) You want to make sure that you understand your deductible, and how that's going to affect what you're paying for insurance, but also, when you have a claim, what does that deductible mean when you have to file a claim.
SCRIPT: You find the answer to that question and many more by visiting III.org. That's Newsbreak from the Insurance Information Institute.
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