What type of insurance you need to protect your home if a natural disaster strikes

Core Impact Points

• The cost of damage from natural disasters in the US was $115 billion last year, emphasizing the need for adequate insurance coverage.
• Homeowners and renters should consider purchasing flood insurance, as it's often not included in standard homeowners or renters insurance policies.
• Standard homeowners insurance typically covers damage from windstorms, hail, and lightning, but may not cover damage from floods, earthquakes, or landslides.
• Renters insurance may not cover damage to personal belongings or liability for accidents, so it's essential to review policy details carefully.
• Homeowners and renters should review their insurance policies annually to ensure they have adequate coverage and adjust their policies as needed.