Tornadoes were reportedly the costliest type of natural disaster in the US last year. Nearly 1000 tornadoes touch down in the US and in minutes can destroy whole neighborhoods and towns. Tornado insurance doesn’t require a special type of insurance it is covered in the basic coverage of a home.
It seems to appear out of nowhere and is gone within minutes, but in that short time a tornado can devastate a home. The vital question is: Can your home insurance withstand its winds?
About 1,000 tornadoes touch down in the U.S. in an average year, causing billions of dollars in insured losses, according to the Insurance Information Institute. Last year, these monster storms — which can wipe out whole neighborhoods and small towns — were the costliest type of natural disaster in the country for insurers, according to Munich Re, a company that insures insurance companies.
Here are five steps for assessing your insurance needs in the face of tornadoes.
1. Know Your Coverage
Unlike floods or earthquakes, tornadoes don’t require a special type of insurance. A basic homeowners policy should cover the damage inflicted by a tornado, whether it’s from wind or rain, says Christopher Hackett, director of personal lines policy at the Property Casualty Insurers Association of America…Continue Reading
Look here for more about Home Insurance Knoxville TN.
