Tornadoes pose bigger risk to homeowners than hurricanes, new research says

Core Impact Points

• Severe convective storms, which include tornadoes, hail, and wind, are more destructive to homes than hurricanes, according to new research from First Street.
• The study found that these storms cause more damage to homes and property, resulting in higher insurance claims and economic losses.
• The research highlights the importance of homeowners' insurance policies covering severe convective storms, which may not be included in standard policies.
• The study's findings have significant implications for the US insurance industry, as it may lead to changes in policy coverage and pricing.
• Homeowners in areas prone to severe convective storms may need to consider purchasing additional insurance coverage to protect their properties.