What type of insurance you need to protect your home if a natural disaster strikes
Summary
Natural disasters in the U.S. caused $115 billion in damage last year. CBS News explains the types of insurance homeowners and renters should have to protect their homes from damage during such events.Key Facts
- Natural disasters caused $115 billion in damage in the U.S. last year.
- Home insurance can help protect owners from financial loss due to disaster damage.
- Renters also need insurance to cover their belongings in a disaster.
- Different types of insurance cover different risks, like flooding or earthquakes.
- It is important to understand what your insurance policy includes and excludes.
- Some natural disasters require separate insurance policies beyond standard coverage.
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