Starting today, we’ll be featuring outstanding articles from our partner, Mainstreet.com. This one is about insurance. But before you scream “insurance – boring!” – consider, have you prepared for a natural disaster?
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Are You Prepared for a Natural Disaster?
By Laura Moran (05/19/08)
Recent earthquakes and cyclones have caused serious devastation to countries around the world including China and Myanmar. And while such catastrophes are a world away, it is important to remember that unexpectedness natural disasters could happen in this country, too. Remember that 2007 tornado in Brooklyn, anyone?
Despite this reality, a new study has found that almost half of U.S. consumers are not prepared for property loss from a large scale natural disaster including the potential hurricanes, wildfires, tornadoes, and floods that accompany spring and summer each year. A survey done by the National Association of Insurance Commissioners (NAIC) revealed that 48% of people said they did not have an inventory of their possessions and, of those who did report having an inventory, 32% had not taken any pictures. In addition, 58% had no receipts validating the cost of their possessions, and 44% acknowledged that they had not stored their inventory in a secure, remote location.
Continue reading for 10 preparedness tips.
