Many people in the U.S. are not ready for natural disasters. This is what recent research suggests.
The study was by Esurance. In it, homeowners were surveyed on topics related to disaster preparedness. Only about a quarter of these homeowners indicated that they had taken proactive steps to prepare for significant weather events. Meanwhile, a large majority of the respondents (83 percent), reported that they did not feel prepared for unexpected natural disasters.
This raises some particular concerns in today’s world. These days, serious natural disasters appear to be on the uptick.
Homeowners not being well-prepared for natural disasters can have major consequences should such events strike. These consequences can have impacts on many parties. This includes insurance companies.
For one, lack of preparedness could lead to the property of homeowners suffering a greater amount of damage from a natural disaster. This could lead to larger insurance claims. This could have big ramifications for insurers.
Also, homeowners not being properly prepared for natural disasters could increase the chances of complex issues arising in connection to claims made in relation to such an event. For example, it could lead to homeowners having documentation issues or coverage misunderstandings when it comes to such claims. Such things could increase the likelihood of insurance companies facing policyholder disputes over claims. When such disputes arise, what guidance insurers have can be of great significance.
Why do you think disaster preparedness isn’t stronger among U.S. homeowners? What do you think would go farthest in changing this?