They destroyed houses and vehicles, business interruption and displacement of many families. Now the question is, who pays?
5.8 earthquake hit the mid-Atlantic states on August 23 is a vivid reminder that disasters can strike without warning. Having the right insurance is your personal financial situation is very important. If 1906 is similar to today’s historic event is the San Francisco earthquake to strike, insured losses will exceed $ 100 billion, up AIR Worldwide estimates, risk modeling company. At that time, however, few property insurance
However, the Americans seem to have learned lesson. Our ranking of the top ten most expensive insured catastrophe losses on the basis of reaching the United States is entirely inated DOM events from the past two decades. Even the recent disasters, such as Hurricane Andrew in 1992, will be significantly more expensive, that if happening now. Most on the list of disaster caused by a natural disaster, not a natural disaster but also earn points.
Each event, you will find guide us from a similar loss for how best to protect themselves.
rankings reflect the impact of the insured and the insurance company a significant number of disasters (since 1989) in insured losses. Data is ISO Property Claims Services, which helps to assess the insurance risk
1 offer. Hurricane Katrina
Year: 2005
affected areas: Alabama, Florida, Georgia, Louisiana, Mississippi, Tennessee
Insured losses (at that time): $ 41.1 one billion
Insured losses (in 2011 dollars): $ 47.5 one billion
Disaster Insurance Tip: most homeowners insurance policies exclude flood. Check your. National Flood Insurance Program to provide additional flood coverage to people in the United States
The average premium is about a year flood 600 $. For low to moderate risk areas basic policy is $ 129 to start.
2. Hurricane Andrew
Year: 1992
Affected areas: Florida, Louisiana,
Insured losses (at that time): $ 15.5 one billion
Insured losses (in 2011 dollars): $ 24.9 one billion
Disaster Insurance Tip: Insurance mold is a four-letter word. If water enters your home, which is due to wind-driven rain, flooding up or even leaking pipes, work quickly dry out wet spots to avoid future penetration. Moisture is the key to the growth of mold. Also think twice before submitting small water requirements.
Some insurance companies may raise premiums or even cancel coverage for fear of minor water damage will become a major mold cleanup.
3. 911 terrorist attacks
Year: 2001
Affected areas: New York, Pennsylvania, Virginia
Insured losses (at that time): $ 18.8 one billion
Insured losses (in 2011 dollars): $ 23.9 one billion
Disaster Insurance tips: homeowners and renters should in case of terrorist attacks, the standard policy coverage. In general, if your policy includes damage your experience, such as the type of fire, then you will get reimbursed even if the damage resulting from terrorism. Keep in mind, however,
Homeowners insurance and renters of insurance typically does not include war and nuclear disaster
Behavior. Read the fine print.
4. . Northridge, California, earthquake
Year: 1994
Affected areas: California
Insured losses (at that time): $ 12.5 one billion
Insured losses (2011 dollars): $ 19.0 one billion
Disaster Insurance Tip: California no monopoly on the earthquake. Most countries are vulnerable to this type of natural disaster.
Damage to your car should
Be covered by your auto policy, But the standard homeowners insurance does not cover earthquakes. To ensure your home, you need to add an endorsement to your policy or purchase a separate earthquake insurance.
5. Hurricane Ike
Year: 2008
Affected areas: Arkansas, Illinois, Indiana, Kentucky, Louisiana, Missouri, Ohio, Pennsylvania, Texas
Insured losses (at that time): $ 12.5 one billion
Insured losses (in 2011 dollars): $ 13.1 one billion
Disaster Insurance Tip: filing insurance claims after a disaster is hard enough, but it’s especially tough if you do not have a detailed record of your belongings. This is a home inventory come.
Record of your property with a digital camera or camcorder .
Online inventory program is also available. Or a simple pen and paper can do the job. Regardless of the method, make a copy of your home inventory in a safe place.
6. Hurricane Wilma
Year: 2005
Affected areas: Florida
Insured losses (at that time): $ 10.3 one billion
Insurance loss (2011 US dollars): $ 11.9 one billion
Disaster Insurance Tip: the IRS allows taxpayers who itemized related to disasters such as floods, earthquakes, hurricanes, tornadoes, volcanic eruptions or even accidental loss deduction. These calculations can be cumbersome. In general, you need to buckle guess you minus any insurance payments from your losses, then subtract $ 100, each year appears wounded, and then you subtract 10% of adjusted gross income. Any remaining amount of the deductible casualty loss.
Special tax rules apply to the federal government announced losses in the disaster suffered.
7. Hurricane Charley
Year: 2004 area affected: Florida, North Carolina, South Carolina
Insured losses (at that time): $ 7.5 one billion
Insured losses (in 2011 dollars): $ 8.9 one billion
Disaster Insurance Tip: Keep important documents safe from disaster damage. It is usually best to hide wills, deeds, birth and marriage certificates, etc. away from home, such as in a bank safe deposit box. If you prefer to have the original in close proximity,
To invest in fire, water safety
Online backup services such as Mozy.com and Carbonite.com, let you, for a fee, save in the event your computer files and other electronic equipment is destroyed.
8. Hurricane Ivan
Year: 2004
Affected areas: Alabama, Delaware, Florida, Georgia, Louis Siana’s, Maryland, Mississippi , New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia
Insured losses (at that time): $ 7.1 one billion
Insured losses (2011 dollars): $ 8.5 one billion
Disaster Insurance tips: preparation is the key to weathering any disaster. Long before disaster strikes, check your home, auto and life insurance to ensure that policies are up to date.
To keep a list of important phone numbers handy, including direct lines to your insurance agent
Designed for your home evacuation plan and set up a contingency package. Useful items include portable radios, rechargeable lanterns, and even in one case a wad of cash, you can not go to the bank.
9. Hurricane Hugo
Year: 1989
Affected areas: Georgia, North Carolina, Puerto Rico, South Carolina, Virginia, United States Virgin Islands
Insured losses (at that time): $ 4.2 one billion
Insured losses (in 2011 dollars): $ 7.6 one billion
Disaster Insurance Tip: Do not procrastinate until the last minute to look like disaster insurance . Often before the policy kicks mandatory waiting period. With flood insurance, for example, to wait throughOften 30 days. Drag can prove costly. Flood just one inch can lead to the average family about $ 21,000 damage.
10. Hurricane Rita
Year: 2005
Affected areas: Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Texas insured losses (at that time): $ 5.6 one billion
Insured losses (in 2011 dollars): $ 6.5 b100 million years
Disaster Insurance Tip: have the correct insurance in place is a disaster indispensable, but
You should not pay a penny premiums than necessary
There are three easy ways to save
Home and car insurance. First, shop around. Different carriers offer different rates. Second, ask and more preferential policies, claims-free discounts. Third, raise your deductible to the maximum amount you can afford.