Having the right insurance can soften the blow of an unexpected event that might otherwise mean financial catastrophe for you and your family. But do you? Here are some tips to help you assess your current coverage and decide whether you need to make any changes.
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.
When you buy insurance, what you're really buying is protection. A common mistake, though, is to overestimate what your policy really protects you from. Here are some examples to watch for in the fine print so that you don't make the costly mistake of assuming you're covered.
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?
Last week, the Army Corps of Engineers flooded Vicksburg, Miss., to save New Orleans, an awful choice that speaks volumes about how hard it is for even modern technology to fight Mother Nature. 24/7 Wall St. looks back at other times when water won the battle.
