Natural disasters lead to billions of dollars in property losses. Here's how to prepare.
A Category 3 hurricane has sustained winds of 111 to 129 miles per hour, according to the National Oceanic and Atmospheric Administration. The season for these big storms along the Atlantic coast began June 1, and runs until Nov. 30.
"People say, 'I'm going to get my homeowner's insurance and, if I have a loss, the insurance pays and life goes on,'" said Lisa Lindsay, executive director of the Private Risk Management Association. "But there's a lot of complexity on the personal side, and a lot of people don't think about ways to proactively protect themselves," she said.The storm surge and waves from Hurricane Michael batter the beachfront homes on October 10, 2018 in the Florida Panhandle community of Shell Point Beach, Florida.There will likely be nine to 15 named storms during the 2019 hurricane season, according to NOAA.
As of July 9, there have been six weather and climate disaster events with losses exceeding $1 billion, according to NOAA.In this aerial view, storm damaged boats are seen in the aftermath of Hurricane Michael on October 11, 2018 in Panama City, Florida.Homeowners coverage doesn't necessarily guarantee full protection in the event of a tropical storm or a hurricane.
For instance, if your policy has a hurricane deductible, you might be on the hook for 1% to 5% of your home's insured value.Nineteen states and the District of Columbia have hurricane deductibles, according to the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mom's photo of 3 sons posing with fish on family outing sets the internet ablaze'When I took the picture, I honestly didn't realize Landon put the fish in his mouth because I was trying to get the attention of the two older ones to look at my camera.'
Read more »
Meet the 18-year-old who helped wipe out $6.7 million in medical debtTalia Zames, 18, worked with nonprofit RIP Medical Debt to raise enough money to purchase and abolish $6.7 million in old medical debt for people living around Syracuse, New York.
Read more »
Mariah Carey ‘foot-free’ bottle top challenge is everythingThe singer left fans stunned when she managed to get the top off a bottle without even touching it
Read more »
'Let's bomb everything': Philippines President Duterte urges U.S. to declare war on ChinaThe bombastic president said he would be willing to support Washington if war broke out with Beijing in the South China Sea.
Read more »