Whether your area is prone to hurricanes, earthquakes, wildfires or tornadoes, you need to make sure you have the right type and amount of insurance for any catastrophe. 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. And, don't let predictions of a mild hurricane season lull you into thinking that you don't need to prepare for the next big storm. Both Superstorm Sandy and Hurricane Andrew happened during "mild" hurricane seasons. Severe drought has created conditions perfect for destructive wildfires in many parts of the country. And, earthquakes can strike anytime. Complacency can be both costly and deadly.
The not-for-profit Insurance Information Institute offers a five-point insurance checklist to help protect yourself financially in the event of a disaster – it only takes one catastrophe to cause devastating damage!