September 4, 2018 by Staff
The U.S. saw $306 billion in damage as the result of natural disasters in 2017, making it the costliest year for damages on record, according to the National Centers for Environmental Information.
Still, 60% of individuals surveyed didn’t have a plan in place should disaster strike, according to data released by Farmers Insurance. In an interesting turn, half of people who have experienced a natural disaster as an adult still do not have an emergency kit, and 55% of that same group don’t have an emergency plan in place.
With National Preparedness Month in September, Farmers has collected insights and tips to help people so they can prepare for whatever the future may hold. Hurricanes and tornadoes consistently rank among the principal concerns for U.S. residents, which should not come as a surprise considering that 70% of people surveyed have experienced some type of natural disaster as an adult. This increasing frequency and scale of damage may contribute to the 39% of individuals who don’t feel confident that they could financially rebound from a natural disaster.
Here are some additional findings.
“As insurers, we see the aftermath of damaging storms and wildfires up-close and personal and we know that preparation can help make a difference,” says Jarrod Murrieta, head of claims catastrophe response with Farmers Insurance. “Even though we can’t stop the wind from blowing or in some cases fires from spreading, we hope these tips can help others stay as safe as possible if the worst does happen.”
Here are a few preparedness next steps you can take.
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This story was originally published by Canadian Insurance Top Broker.