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.
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?
The deadly tornadoes that struck the South and Midwest in April, the devastating quake in Japan and concerns about terrorist reprisals after Osama bin Laden's death should serve as reminders to property owners: plan for the worst-case scenario.