Natural Disaster Policy

Quick Takeaways

  • Check if wildfires are covered by your homeowner’s insurance
  • Purchase separate flood insurance
  • Avoid low deductibles

Source: Natural Disaster Insurance: How to Protect Your Home from Hurricanes, Wildfires and More (CNET, Nov. 15, 2021)

Find out what is usually covered in a standard insurance policy, ranging from fire to hail to frozen pipes.

NAR provides a wide range of information on natural disasters and insurance coverage.  Learn about the impact climate change is having on choosing where to buy a home and the impact of climate change on insurance prices.  The FEMA-NAR Toolkit has educational resources for real estate professionals and lenders.

Did you know that the Small Business Administration offers low-interest disaster loans to homeowners and renters? Find all the information you need here. CNET covers a variety of natural disasters and their insurance issues.  Get tips from  Insurance Information Institute on settling disaster claims.

It is important it know that flood damage is not covered by homeowner’s insurance and is purchased as a separate policy.  HouseLogic covers the ins and outs of flood insurance and discusses excess flood insurance. The New York Times covers the National Flood Insurance Program, private flood insurance and additional coverage for a sump pump or sewage backup rider.

See References for more information.