(Updated September 2013)
Disasters can happen any time. Do you have disaster insurance? Find out what a standard policy should cover, NAR information, pricing and reform issues, aspects of choosing a disaster insurance policy and much more in this updated field guide. (D. McCormick, Operations Analyst)
True Cost of Natural Disaster Insurance
Source: The true cost of natural disaster insurance, (cbsnews.com, May 28, 2011).
Disaster Insurance Coverage
While the exact coverage will vary from policy-to-policy, the following list should give you a good idea of the types of natural "disasters" that a standard policy covers:
- Fire / Lightning
- Windstorms / Hail
- Freezing of Plumbing / Pipes
- Damage from Weight of Ice
- Volcanic Eruptions (with exceptions)
Source: Disaster Insurance, (money-zine.com, 2010).
Information From NAR
Disaster Insurance Basics
Disaster Insurance – Do You Have the Coverage You Need?, (About.com).
Settling Insurance Claims After a Disaster, (Insurance Information Institute).
When Disaster Strikes, Insurance May Not Cut It, (Mint.com, June 28, 2013).
The Right Disaster Insurance for Your Region, (HouseLogic.com, June 20, 2013).
Surprising Facts About Flood Insurance, (HouseLogic.com, June 19, 2013).
Do You Have ‘Emergency Disaster Insurance’?, (Yahoo.com, May 24, 2013).
Insure Your Home Against Natural Disasters, (Money.usnews.com, Nov. 2, 2012).
Homeowner’s Insurance vs. Natural Disaster Insurance, (blog.equifax.com, July 23, 2012).
How to insure your home against disaster, (cbsnews.com, July 6, 2012).
House Approves Flood Insurance Program Renewal, Reforms, (insurancejournal.com, July 13, 2011).
Is Disaster Insurance a Good Thing?, (safe-and-sound.net, July 13, 2011).
Will your homeowners insurance cover you if disaster hits?, (usatoday.com, May 31, 2011).
Disaster Insurance: How Well Are You Covered?, (Wall Street Journal, Mar. 26, 2011).
Homeowners may not purchase enough disaster insurance, (homeownersinsurance.com, Mar. 21, 2011).
Do You Need Disaster Insurance?, (smartmoney.com, Mar. 15, 2011).
What is Disaster Insurance for Houses?, (ehow.com, Dec. 21, 2010).
Estate Tax, Tax Credits, Flood Insurance: An Update on Tax Issues, (HouseLogic.com, Oct. 29, 2010).
Is the Cost of Hurricane Insurance Worth It?, (HouseLogic.com, Aug. 25, 2010).
Is Disaster Help Available if I Have Insurance?, (FEMA, Aug. 11, 2010).
Should You Buy Flood Insurance?, (HouseLogic.com, June 19, 2013).
Is the Cost of Flood Insurance Worth It?, (HouseLogic.com, Apr. 29, 2010).
U.S. Moves Toward Disaster Insurance Reform, (forbes.com, Mar. 22, 2010).
Disaster Insurance vs. Property Insurance: What's the Difference?, (allbusiness.com, 2010).
Protecting Your Business from Disaster and Emergency, (allbusiness.com, 2010).
How to Obtain Disaster Insurance, (ehow.com, 2010).
Disaster Insurance, (money-zine.com, 2010).
Insuring Against Natural Disasters, (HouseLogic.com, Aug. 28, 2009).
Understand Disaster Insurance Claims, (HouseLogic.com, Aug. 28, 2009).
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
Leading People Through Disasters (Kindle, Adobe eReader)
Contingency Planning and Disaster Recovery (Adobe eReader)
Disaster Management and Preparedness (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-874-6500 for assistance.
Disasters and democracy: The politics of extreme natural events, (Washington, DC: Island Press, 1999). HV 555 P53
Be alert, be aware, have a plan: the complete guide to protecting yourself, your home, your family, (Guilford, CT: Globe Pequot Press, 2002). HV 7431 R19
Natural disasters and the supply of home insurance, (Atlanta, GA: Georgia State University—Center for Risk Management and Insurance Research, 2002). HG 9970 G29
Disaster preparedness: simple steps for business, (Chicago, IL: Crisp Publications, 1998). HF 5500 F87
Natural disaster protection legislation: a legislative analysis, (Boulder, CO: 1995). Pamphlet
Disaster insurance protection: public policy lessons, (New York, NY: Wiley-Interscience, 1978). HG 9970 K96
Disaster relief and rehabilitation in the United States: a research assessment, (Boulder, CO: 1975). HC 62 C71d
Field Guides & More
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