About Insurance

The massive Fort McMurray wildfire in Alberta, Canada, is a warning to all of us about how quickly disaster can engulf a community. Earthquakes, floods, tsunamis, hail, hurricanes, tornadoes and lightning strikes are more of the nasty surprises that nature can whip up. Unfortunately, bad weather can affect anyone. It is important to prepare for both large-scale and small-scale natural disasters so that, when the damage is done, you have the means to pick up the pieces and rebuild your portfolio and your life. In this article we will look at what you need to do to make sure your financial interests come out on top after any of these uncontrollable events.

Be Sure of Your Insurance
It is a common recurring theme in every area struck by a natural disaster that a) no one saw it coming, and b) no one was properly insured for it. Sitting in our dry and cozy home, it can be easy to feel smug by comparison, but the truth is that almost everyone can be under-insured for a true disaster. The biggest wake-up call is the fact that homeowner's insurance covers a very limited set of circumstances – fires from faulty wiring and such – that doesn't include all the natural disasters that your area may be prone to. (To learn about insurance basics, read Find the Best Homeowners Insurance and Five Insurance Policies Everyone Should Have.)