Recipe for Disaster?
Recent storms serve as reminders to review your homeowners policy--or regret it later.
When natural disasters strike, the most important consideration is survival. It isn't until after the hurricane winds stop blowing, the tor-nado stops twisting, or the earth stops quaking that the financial wounds become apparent. They can, though, be almost as painful as physical ones. Just ask the hundreds of thousands of Americans whose homes or businesses recently took a hit from Hurricanes Charley, Frances and Ivan. Damage from those three storms could reach tens of billions of dollars by the time the counting is done-much of which won't be covered by insurance.
Americans who live along the hurricane zones of the Southeast, the Tornado Alley of the Plains, or the tectonic fault lines of the Pacific Coast have obvious reasons to worry about natural disasters. But no matter where you live, events like the three hurricanes mentioned above provide reason enough to take a quick peek at your homeowners policy. Better yet, make it an annual tradition to review the insurance that protects one of the biggest investments you'll ever make.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
-
Kale Was a Garnish Before This Creative Genius Made It Famous. Here's How She Did It — and What She's Planning Next.
-
Telling Your Brand Story Is Crucial. 4 Steps to Ensure That It Resonates.
-
This Baker Was Told Not to Speak Spanish With Colleagues, So She Started Her Own Cake Company That Values Employees Just as Much as Customers
-
Improving Yourself Takes 9.6 Minutes of Work Each Day
-
Meet the Women Behind Some of McDonald's Most Iconic (and Essential) Ingredients — and How They're Setting New Standards
-
Remote Work Shouldn't Be Up for Debate
-
Employees Are Over Foosball Tables and Free Snacks. Your Company Culture Needs This Instead.