Natural disasters aren’t going away any time soon. In fact, given the increasing effects that climate change is having on the weather, scientists expect the number of natural disasters globally to grow. You only need to review the skyrocketing frequency of hurricanes, cyclones, tornadoes, fires and floods that have destroyed homes and communities in the last couple of years to be clear on at least one thing: it’s better to protect yourself before you’re hit by a natural disaster than try to pick up the pieces afterwards.
At a conference I recently attended on rebuilding sustainably after natural disasters strike, the audience of educators, first responders, disaster experts, scientists, elected officials, public interest advocates and business leaders all agreed: most people do not have enough insurance to protect themselves if a natural disaster hits. As the sponsor of this post, the Australian insurer HBF also points out that most travelers don’t carry adequate insurance in the event their holiday or business trip is disrupted by a natural disaster, either.
HOW MUCH INSURANCE DO YOU NEED?