Natural Disasters in the United States
The country is prone to many different types of natural disasters, and each region has its own risks.
Hurricanes, tornadoes, wildfires, floods, blizzards, lightning storms and earthquakes hit
with alarming frequency.
In 2018, there were eight Atlantic hurricanes and a record-breaking seven subtropical storms.
There were over 100 wildfires, with the Carr Fire alone destroying well over 1,000 homes.
The Camp Fire was the deadliest and most destructive wildfire in California history.
It killed 85 people and destroyed the entire town of Paradise.
Roads and bridges collapsed, and homes were trashed when a 7.0 earthquake hit Anchorage,
and a massive blizzard caused a 70-car pileup on a freeway in Iowa.
Natural disasters are becoming more frequent - and more expensive.
The average number of billion-dollar disasters per year over the last 5 years
is more than double the average since 1980.
Does life insurance cover natural disasters?
Yes, the accidental death benefit on a life insurance policy would pay out
if the policyholder died in a natural disaster.
While it is always best to check your policy to make sure,
most life insurance policies will pay out for any accidental death, regardless of cause.
(If you chase down a natural disaster and do not have a policy that includes
high-risk activities, your beneficiary might not be able to claim the funds.
For example, if you die of smoke inhalation while trying to photograph
a wildfire or are killed while attempting to take video outside during a hurricane,
the insurance company can deny the claim.)
How Life Insurance Protects You From Natural Disasters
Insurance cannot keep you physically safe during a natural disaster,
but it can help you and your loved ones deal with the aftermath.
If something happens to you, will your loved ones be able to maintain
your current lifestyle without your income?
A life insurance policy can pay for funeral and burial costs as well as
If you are seriously injured in a disaster, income protection can help you
with the day-to-day living expenses until you are able to return to work.
Personal Accident Insurance
After a serious injury, bills can start to pile up and your health insurance will not cover all of them.
Personal accident insurance can cover medical copays, nursing care, renovations to make your home
more accessible and day-to-day expenses while you are not working.