With Hurricane Sandy, aka Frankenstorm, poised to hit the U.S. next week, now may be a good time to ask: Are you covered, and should you be? Even if you're not in this storm's path, 90% of natural disasters nationwide involve flooding. Yet less than a fifth of U.S. homeowners have flood insurance.
It's bad enough that we fork over gobs of money for all kinds of necessities, such as our mortgage payments, groceries, gas, and electricity. But it's a real shame when we fork over dollars needlessly, buying things we don't need -- like many kinds of insurance.
Hurricane season comes every year, and 90% of natural disasters nationwide involve flooding. Yet less than a fifth of U.S. homeowners have a flood insurance policy. With Hurricane Irene poised to hit the U.S. this weekend, now may be a good time to ask: Are you covered, and should you be?
