Flood Insurance and Extreme Weather: Are Homeowners Prepared?
Financial Readiness Amid Climate Change
According to a recent report from Bankrate, a staggering 26% of U.S. homeowners admit they are not financially equipped to handle the expenses associated with extreme weather events. As hurricane season reaches its peak, this is particularly concerning.
The Statistics
- 14% of respondents feel somewhat unprepared.
- 12% claim they are very unprepared.
This gap poses significant risks, especially with the increasing occurrence of flooding, wildfires, and tornadoes exacerbated by climate change.
Protecting Your Home with Flood Insurance
As these dangers become more prevalent, homeowners should consider homeowners insurance policies that include flood protection. Educating oneself on risk management strategies is crucial in this unpredictable climate.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.