2023 was an expensive weather year in the U.S. Just halfway through the year, there were seven separate weather catastrophes that each caused more than $1 billion in damage during the first six months of the year, according to the National Oceanic and Atmospheric Administration (NOAA). On average, between 1980 and 2022, there were 8.1 billion-dollar weather events in the U.S.
Severe weather outbreaks affect various regions across the U.S., though some areas are higher risk than others. Tornadoes, hurricanes, cold snaps, flooding, and heavy rain have the ability to cause significant damage to commercial buildings and residential properties. While home insurance provides protection for many types of severe weather, some events, like floods and earthquakes, aren’t typically covered.
If you own a home in an area that’s especially vulnerable to severe weather outbreaks, it’s important to make sure you have sufficient home insurance coverage. You might also need to add endorsements to get additional coverage for losses like flood damage.
No matter where you live, having homeowners insurance is extremely important. Severe weather can occur anywhere in the U.S., including in regions that don’t typically experience natural disasters, like tornadoes or hurricanes.
A standard homeowners insurance policy protects against many types of severe weather, including windstorms, hail, and snow. If your house gets damaged or destroyed in a covered weather event, your home insurance company will pay to repair or rebuild your home back to its original condition.
